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It will lead to fare reduction, stability, profit margin for carriers-Aero MD Aside heaving a sigh of relief over last week’s removal of Value Added Taxes (VAT) on air travel, domestic airlines in Nigeria are expected to save over N5 billion annually. Figures made available by the Nigerian Civil Aviation Authority (NCAA) indicate that domestic carriers raked in N93, 605, 725, 508.60 tickets in 2017.  Local carriers transported no fewer than 10,135, 009 passengers in 2017….

KLM Royal Dutch Airlines will offer a new Economy Class service concept aboard its intercontinental flights.  At the start of an intercontinental flight, Economy Class passengers will receive a bottle of water, a refreshing towel and earphones, which means they can immediately get set for their journey.    After this welcome service, passengers will be offered an extended choice of meals on flights out of Amsterdam. On intercontinental daytime flights out of Amsterdam, the new…

Following fresh terrorism threats in the country, the Federal Government has deployed an Assistant Inspector – General of Police, Mr. Danjuma Muhammad, to take over affairs at the Murtala Muhammed International  Airport Police Command. Muhammad is taking over from Mr Abdullahi Ali, a Commissioner of Police, who retired recently. The command was hitherto headed by a commissioner and the move by the authorities to assign a superior officer might not be unconnected with threats by…

Airbus has published a risk assessment outlining the urgent risks to its business arising from the UK exiting the European Union without a withdrawal agreement. It states that the UK exiting the EU next year without a deal – therefore leaving both the single market and customs union immediately and without any agreed transition – would lead to severe disruption and interruption of UK production.    This scenario would force Airbus to reconsider its investments…

      Aircraft lease rental may triple       Lessor may blacklist country’s airlines There are indications that two Nigerian carriers (names withheld) have refused aircraft lessors to re-possess their aircraft after defaulting in lease payment for the equipment, thereby violating the Cape Town Convention agreement, which Nigeria is a signatory. The two carriers have inexplicably gone to court to seek injunction stopping the aircraft owners from taking their airplanes. This, however, stakeholders said, would have a…

Asset Management Corporation of Nigeria (AMCON), in a bid to rejig its asset sales strategy and facilitate speedy disposals, has restructured its processes from within in anticipation of better outcomes in its asset resolution operations.  This is coming as the agency recorded total recoveries of N731 billion (excluding claw backs). From inception in 2010 to December 2017, out of this amount, properties accounted for approximately 35 per cent.  On the flip side, the corporation noticed an increasing…

A total of six helicopters for Swiss Air-Rescue  Airbus Helicopters has delivered the first two of a total of six H145 helicopters to Swiss Air-Rescue, Rega. These will replace Rega’s existing fleet of EC145 helicopters, which will be phased out by mid-2019. The first H145 helicopter is expected to be deployed at the Bern base in October.  Over a period of 15 years, the six EC145s have proven themselves to be reliable and versatile rescue helicopters,…