Top Stories Archives - Page 460 of 610

Airlines’ trapped cash falls to $30m

Posted on January 22, 2018 by Wole Shadare

as CBN releases $145m to carriers Foreign airlines that had over $600 million funds trapped in Nigeria since two years ago can heave a sigh of relief as only $30 million is left to be offset by the Central Bank of Nigeria (CBN). Last August, the country’s apex bank released $425 million out of $600 million trapped funds, leaving $175 million in the coffers of CBN. And between August 2017 and January 2018, the government released…

AIB to release six more crash reports in 30 days

Posted on January 21, 2018January 21, 2018 by Wole Shadare

FG approves upgrade of accident investigation laboratories The Federal Government has approved the upgrade of the obsolete material science and flight safety laboratories which would help the Accident Investigation Bureau (AIB) to investigate accidents in record time. Commissioner, Accident Investigation Bureau (AIB) Akin Olateru told Woleshadare.net at the weekend at a training course put together by the agency on accident investigation report writing held in Lagos. Although Olateru declined to give how much it would cost to…

Etihad Airways’ executive embarks on round the world record attempt

Posted on January 19, 2018 by Wole Shadare

Senior Etihad Airways executive, Andrew Fisher, intends to embark on a journey of a lifetime when he attempts to on January 21, 2018 break the world record by flying around the globe in the shortest time frame on scheduled flights, and with the fewest number of sectors. Fisher, who works as the airline’s Vice President Fleet Planning, hopes to shave three hours off the current record of over 55 hours by completing the journey in only…

Blocked funds, Forex problem for foreign airlines in Africa, says IATA

Posted on January 18, 2018 by Wole Shadare

The International Air Transport Association (IATA) said blocked funds and denied access to foreign exchange in Africa is an increasing problem for foreign airlines. The Director-General of IATA, Alexandre de Juniac in a statement to Woleshadare.net said in nine African countries, international carriers are unable to repatriate their foreign currency earnings, while locally-based airlines experience difficulties making on-time foreign currency payments to their suppliers and business partners. “Angola and other countries blocking funds are undergoing significant economic…

Emirates signs agreement for 36 additional A380s

Posted on January 18, 2018 by Wole Shadare

Commitment to grow its flagship A380 fleet Dubai-based Emirates Airline has signed a Memorandum of Understanding (MoU) to acquire up to 36 additional A380 aircraft. The agreement was signed this morning at the airline’s headquarters in Dubai by HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, and John Leahy, Chief Operating Officer Customers, Airbus Commercial Aircraft. The commitment is for 20 A380s and an option for 16 more…

Nigerian Airports: New Threats And Opportunities

Posted on January 17, 2018 by DAN AIBANGBE

Nigerian airports in recent times won the acclaim of Nigerians and the international community, especially in the wake of the executive order for improvement to the ease of doing business across board. Over the years and through successive administrations, the Nigeria Airports Authorities have been striving for improvements in facilities and services. However, the government Executive Order issued last year provided an added impetus to the achievement of a number of lofty goals. Among…

Back-from-the-dead Aero to rescue airlines’ maintenance woes

Posted on January 16, 2018 by Wole Shadare

Nigeria’s oldest airline, Aero Contractors at the weekend successfully rolled out its in-house C-check. The airline has had its fair share of crises that almost led to extinction. Many say this feat could lift it out of its doldrums, writes WOLE SHADARE Historic feat Aero Contractors completion of a C-Check of one of its B737 aircraft last week could be the beginning of good things for airline operators as the facility could help save Nigerian…

Airbus ends 2017 with orders for 841 jetliners

Posted on January 16, 2018 by Wole Shadare

Airbus closed out 2017 with orders in December for 841 jetliners – the highest monthly intake in company history, and delivered 127 aircraft during the month – also marking an all-time high. The new business at year-end was composed of 828 bookings for Airbus’ best-selling A320 single-aisle family in both its NEO and CEO versions; along with 13 A330s, eight of which will be produced in the A330-900neo configuration, and five A330-200s to be…

Nigeria to retain N32.4 billion yearly on aircraft repairs

Posted on January 16, 2018 by Wole Shadare

Nigeria is set to save $90 million dollars with the commencement of Aero Contractors Maintenance Repair and Overhaul (MRO) facility, given that the country operates no fewer than 40 Boeing aircraft, Woleshadare.net has learnt. Hadi Sirika disclosed this to this newspaper at the roll out of Aero Contractors 737-500 aircraft from the hangar after the successful completion of a C-Check. He said the capital flight narrative is about to change with the organisation’s initiative. A C-check is…

Dana Air Unveils bumper Sponsorship Deal with Heartland FC of Imo State

Posted on January 15, 2018 by Wole Shadare

The airline partnership between Dana Air and the Imo state Government have started yielding benefits with the recent unveiling of a multi-million naira sponsorship deal with Heartland football club of Owerri Imo state. The season-long sponsorship deal which is part of the airlines’ support to the newly-promoted Imo state based team’s 2018 league campaign, will see the airline get shirt sleeve branding and lots of other branding opportunities with the club. Speaking at the unveiling…

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