The Struggling Boeing 777 Gets a Big Boost From the Middle East

The Struggling Boeing 777 Gets a Big Boost From the Middle East

Adam Levine-Weinberg (TMFGemHunter) Boeing’s goal of selling at least 40 current-generation 777s in 2016 looks much more feasible than it did just one week ago. While the stock market has surged to record highs in 2016, shares of Boeing (NYSE:BA) have been held down by widespread worries about slowing aircraft demand. Indeed, with the end of September quickly approaching, Boeing is less than halfway to its full-year goal for aircraft orders. Order activity for the 777 widebody family…

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Aviation to inject $5b into economy through PPP ‎…. FAAN MD

Aviation to inject $5b into economy through PPP ‎…. FAAN MD

*$3.10tr projected as accruals in 30 years Wole Shadare Thee Managing Director of the Federal Airports Authority of Nigeria (FAAN) Saleh Dunoma yesterday said the aviation sector is expected to inject about $5b  out of the  $3.10 Trillion required by the National Integrated Infrastructure Masterplan (NIMP) over a period of 30 years through Public Private Partnerships  (PPP). Dunoma stated this at the annual conference and exhibition of the Airport Council International ACI) holding in Montreal….

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Dissecting Planned Concession Of Nigerian Airports

Dissecting Planned Concession Of Nigerian Airports

As the calls for the concession of Nigerian airports grow, experts have called on government to put it on a sound footing to avoid the mistakes of the past. They agreed that FAAN’s inefficiency makes the call more vociferous. WOLE SHADARE writes   Airports in terrible shape That Nigerian airports are in decrepit state is not in doubt. The decay stares you in the face. This also brings to the fore over N500 billion allegedly…

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Bi-Courtney: Nigeria Has $200bn Aviation Infrastructure Deficit

Bi-Courtney: Nigeria Has $200bn Aviation Infrastructure Deficit

Nigeria’s current infrastructure deficit is estimated to be in excess of $200 billion, Chief Executive Officer, Bi-Courtney Aviation Services Limited, operator of the ultra-modern Murtala Muhammed Airport (MMA2), Capt. Jari Williams, has said. Williams, who quoted the Infrastructure Concession Regulatory Commission (ICRC), spoke at a conference on privatisation/concession of Nigerian airports held in Lagos last Friday. Consequently, he said sadly, that aviation has not been spared in the wind of controversial concessions, which he said…

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New Telegraph’s Shadare Wins Aviation Writer Of The Year

New Telegraph’s Shadare Wins Aviation Writer Of The Year

Aviation Editor of New Telegraph Newspapers, Wole Shadare, has been named Aviation Writer of the Year at the 10th edition of Nigeria Media Nite-Out Awards (NMNA) 2016.  At the award ceremony held on Sunday at Time Square Event Centre in Ikeja, Lagos, Shadare was announced Aviation Writer of the Year, ahead of Comfort Oseghale (Punch), Olusegun Koiki (National Mirror), Loius Ibah (Sun) and Kelvin Osa Okunbor of The Nation. Speaking at the event, founder of…

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Woman, 26, may be the world’s youngest airline captain

Woman, 26, may be the world’s youngest airline captain

Their combined ages are just 45. But that didn’t stop 26-year-old captain Kate McWilliams and her 19-year-old co-pilot Luke Elsworth from flying hundreds of passengers to their destinations this week. The young pilots manned a flight from London to Malta, after McWilliams earlier passed a course ascending to the rank of captain. Their employer, the British carrier Easyjet, believes McWilliams has become the world’s youngest commercial airline captain — with co-pilot Elsworth also one of…

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FG Under Pressure To Rescue Airlines

FG Under Pressure To Rescue Airlines

• Mulls Bailout Funds With Low Interest Rates, Others The Federal Government is under immense pressure to rescue Nigerian carriers from extinction, as it weighs options that would allow the airlines remain afloat. Woleshadare.net learnt that the Minister of State for Aviation, Hadi Sirika, is tinkering with many options. Among such options is to write a memo to President Muhammadu Buhari on the need to offer fresh bail out to the carriers. But this option…

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Afrexim Bank partners with Arik to promote intra-African trade

Afrexim Bank partners with Arik to promote intra-African trade

*Airline may get more funds for expansion   Wole Shadare President, African Export-Import Bank (Afreximbank), Benedict Oramah said the firm is collaborating with Nigerian flag carrier airline, Arik to promote intra-Africa trade, saying its partnership with the airline has been mutually rewarding. Oramah made the disclosure when he led his team to hold a business strategic meeting with the management of the carrier at its headquarters at the Murtala Muhammed Airport, Lagos at the weekend….

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Nigeria, highest revenue earner for RwandAir

Nigeria, highest revenue earner for RwandAir

*Lauds trader partners, seeks more cooperation Africa’s fastest growing airline, RwandAir has admitted that the Nigerian route is the highest revenue earner for the carrier. This is coming as the carrier plans to take delivery of two A330 airplanes with one of them replacing he B737-800 it currently operates to Lagos. This plan was unfolded by the carrier’s Country Commercial Manager, Ibiyemi Ogunsi when the  airline met with its trade partners at the Southern Sun…

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Aviation sector woes: Advice for Sirika

Aviation sector woes: Advice for Sirika

 By Olumide Ohunayo   The Minister of State for aviation should, as a matter of urgency, convene a Stakeholders’ Conference that will draft and present a National Civil Aviation Policy (NCAP}. We need the policy to tackle common bottlenecks to propel Nigerian aviation. The new policy should reflect liberalisation and be pro-growth. Some countries have done it. India’s new NCAP is designed to empower carriers negotiate commercial partnerships with little or no interference from the regulator,…

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