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When it comes to air traffic market, Nigeria is believed to have the greatest potential in West Africa. Despite this, the country’s airlines are struggling, finding it difficult to make profit. WOLE SHADARE reports   Appraisal The past one week has been hellish for Nigerian carriers as experts at different fora took a holistic appraisal of the country’s airlines and came out with a verdict that they are indeed sick with no solution in sight….

Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has urged government not to tinker with the idea of bailout for airlines, adding that the last intervention fund given to airlines in 2007 was a fraud. Kuru, in a paper presented as at the 3rd edition of the Nigeria TravelsMart Colloquium organised by the Nigeria a Travel Market (NTM), alleged that the beneficiaries were yet to account for over N120…

When the winter timetable starts on Sunday 28 October, KLM will pamper its customers with its exclusive Rituals product line – “The Amsterdam Collection.” The products have been developed specially for KLM customers and consist of products that evoke the ultimate sense of relaxation during and after the flight. In creating the Amsterdam Collection, Rituals was inspired by the idea of “Where the Far East and the historical West first met.” The scents in the…

Rotorcraft ideally suited for Ethiopia’s hot and high operations Airbus is undertaking a series of demo flights in Ethiopia with its robust, rugged and reliable single-engine H125 helicopter, proving its high performance in dry, high and hot operating conditions The 5-seat H125 is a member of Airbus’ Ecureuil family of civil and military of light utility helicopters, which also includes the H130 and Fennec (military version).  To date, more than 6,200 Ecureuil helicopters of several…

 Mega carrier, Delta Air has reported financial results for the September quarter 2018. Highlights of those results, including both GAAP and adjusted metrics, are below and incorporated here.  Adjusted pre-tax income for the September quarter 2018 was $1.6 billion, and adjusted earnings per share were $1.80, at the high end of guidance. Adjusted earnings per share were up 16 percent compared to the prior year quarter, driven by revenue momentum, tax reform benefits and a…

Nigeria’s flag carrier airline, Air Peace has taken delivery of its fifth Embraer 145, assuring that the development has deepened its capacity to relaunch its flights to Sokoto and start its Katsina service. The carrier, which had earlier received four of the six 50-seater Embraer 145 aircraft it recently acquired, said its goal of unifying Nigeria through air transport and extending its flight operations to unserved and underserved cities was fast being realised under its…

Ministry to begin payment to ex-airways workers   As the  Federal Ministry of Finance begin the payment of severance benefits to former workers of   Nigeria Airways Limited this week, Federal Government is planning to initiate prosecution of persons indicted in the Justice Obiora Nwazota Judicial Commission of Inquiry White Paper. Government it was learnt is looking into how to recover  huge sums of money  from individuals, organizations and agencies that mismanaged the airline. The Justice…

The Nigerian Civil Aviation Authority (NCAA) has partially lifted the suspension on International Aviation College, Ilorin, Approved Training Organisation (ATO) certificate.  Spokesman for the aviation regulatory body, Mr. Sam Adurogboye made the disclosure in a statement made available to woleshadarenews.  This was conveyed in a letter dated October 8, 2018 signed by the Acting Director of Licensing, Cletus Umeh on behalf of the Director General, Capt Muhtar Usman.  The partial lifting of the suspension was…

   Airline industry leaders and government officials are meeting to discuss responses to an array of pressures threatening the competitiveness and sustainability of carriers in the Southern African Development Community (SADC) region. More than 200 delegates are participating in the Airlines Association of Southern Africa’s (AASA) 48th Annual General Assembly, which takes place at a time when global, regional and local political uncertainty, market turbulence and rising costs are taking their toll on trade, tourism and…