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Airbus, Bombardier, Investissement Québec ink deal July 1, 2018

Posted on June 8, 2018 by Wole Shadare

Airbus to acquire majority stake in the C Series Aircraft Limited Partnership, Having received all required regulatory approvals, Airbus SE (EPA: AIR), Bombardier Inc. (TSX: BBD.B) and Investissement Québec (IQ) have agreed to close the C Series transaction effective on July 1, 2018. The transaction by which Airbus will acquire a majority stake in the C Series Aircraft Limited Partnership (CSALP) was initially announced in October 2017. The Mirabel-based partnership, which was originally established…

AIB chief, Olateru seeks policy to save environment

Posted on June 5, 2018 by Wole Shadare

How FOD constitute danger to aircraft, airlines Commissioner, Accident Investigation Bureau (AIB), Akin Olateru said the best solution in addressing plastic pollution in the environment was for individuals and companies around the world agreeing to implement practices to reduce waste at every level. He tasked airport managers to develop a mechanism to check and remove Foreign Object Debris (FOD) and the likes from runway, taxiway, apron, aircraft parking areas and loading ramps, adding that a daily…

Etihad Airways to operate all Paris flights with A380

Posted on June 5, 2018 by Wole Shadare

Effective October 1, 2018, Etihad Airways will operate the Airbus A380 on its second daily service linking Abu Dhabi and Paris Charles de Gaulle. This will transform the airline’s operation between the UAE and French capitals into a year-round all-A380 service, joining London Heathrow as the second European destination enjoying daily multiple visits by Etihad’s award-winning double-decker aircraft. The introduction of the aircraft on the second daily service will provide business and leisure travellers…

Crisis looms over renewed Bi-Courtney-Labour face off

Posted on June 5, 2018 by Wole Shadare

There is need for an urgent intervention as fresh crisis brews between Bi-Courtney Aviation Services Limited and Labour. WOLE SHADARE reports Another trouble Bi-Courtney Aviation Services Limited (BASL), operators of the multi billion naira MMA2, is again embroiled in fresh trouble. This time with Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE) over threats to disrupt the operations of the terminal at the expiration…

Nigeria clears $600 million airlines’ trapped funds

Posted on June 5, 2018 by Wole Shadare

From Wole Shadare Sydney, Australia The International Air Transport Association (IATA) said it was encouraged by the recent developments in Nigeria where the Federal Government succeeded in clearing $600 million backlog of airline funds trapped in Nigeria. The Director-General of IATA, Alexandre de Juniac in an interview with woleshadarenews at the 74th Annual General Meeting (AGM) of the clearing house for over 280 global airlines confirmed that the country had indeed cleared the amount that led…

Seoul gets nod to host 2019 IATA AGM

Posted on June 5, 2018 by Wole Shadare

The International Air Transport Association (IATA) announced that Korean Air will host the 75th IATA Annual General Meeting (AGM) and World Air Transport Summit in Seoul, South Korea, from 2-4 June 2019. This will be the first time that the South Korean capital hosts the global gathering of aviation’s top leaders. “The aviation industry is looking forward to meeting in Seoul for the 75th IATA AGM. South Korea has a great story to promote. Strategic planning…

Akbar Al Baker is new IATA Board Chairman

Posted on June 5, 2018 by Wole Shadare

The International Air Transport Association (IATA) announced that Qatar Airways Group Chief Executive, Akbar Al Baker, has assumed his duties as Chairman of the IATA Board of Governors (BoG) for a one-year term effective from the conclusion of the 74th IATA Annual General Meeting in Sydney, Australia. Al Baker is the 77th chair of the IATA BoG and the first CEO from Qatar Airways to hold the position. He has served on the BoG since 2012….

Airlines to rake in $33.8 billion in 2018-IATA

Posted on June 4, 2018 by Wole Shadare

Rising costs put carriers under pressure Jet fuel prices expected to rise From Wole Shadare (Sydney, Australia) The Director General of International Air Transport Association (IATA) Alexandre de Juniac said airlines will rake in $33.8 billion this year, adding that aviation’s financial foundation is stronger than ever. He made the remark today while giving report on the air transport industry at the on-going World Air Transport Summit in Sydney, Australia. The IATA boss stated that…

Airports concession: Intl airlines to raise fares, passengers to pay more

Posted on June 4, 2018 by Wole Shadare

Charges are higher for privatised airports-IATA Why privatised airports fail to deliver From Wole Shadare, Sydney, Australia There are indications that inbound and outbound passengers may pay more for air travel as charges and taxes are expected to be raised astronomically should the Federal Government go ahead with its planned concession of its major airports. The International Air Transport Association (IATA) has urged governments including Nigeria not to consider aerodromes for privatisation and…

IATA, AFRAA ink pact to Advance Aviation in Africa

Posted on June 3, 2018 by Wole Shadare

From Wole Shadare (Sydney) The International Air Transport Association (IATA) and The African Airline Association (AFRAA) have signed a memorandum of understanding (MoU) to deepen their cooperation. The MoU was signed by Alexandre de Juniac, IATA’s Director General and CEO and AFRAA’s Secretary General, Abderahmane Berthé on the sidelines of the 74th IATA Annual General Meeting in Sydney. Under the MoU, IATA and AFRAA will exchange information, expertise and capabilities and work jointly to:…

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