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Airlines can’t pay salaries, debts Renowned economist and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has expressed concern over the nation’s aviation sector concerning the present economic recession, lamenting that Nigerian airlines are bleeding. In his monthly economic news and views bulletin made available to Woleshadare.net, he hinted that the airlines are unable to service debts and pay salaries; two issues that shows that the carriers are in dire straits.   The…

Geneva – The International Air Transport Association (IATA), The International Civil Aviation Organization (ICAO) and Airports Council International (ACI) have joined forces to address evolving aviation security risks with integrated solutions. Key topics such as securing landside spaces at airports, information sharing among governments, managing the risks of home-grown terrorism and preventing cyber threats will top the agenda of the 25th AVSEC (Aviation Security) World Conference, taking place from the 25 to 27 October 2016…

British carrier, Virgin Atlantic has launched an incredible fare reduction on London-Lagos for as low as $300. The special promotional fare is for customers that want to visit family and friends to Celebrate Nigerian 56 Independence anniversary. This week the British airline launched fares to London from $300 which is available to purchase now till 26 October 2016 at www.virginatlantic.com  for travel between 8 September and 10 December 2016. Virgin Atlantic operates daily flights between…

Airlines, Marketers To Save N35b Yearly The perennial aviation fuel scarcity being experienced in the country could soon become a thing of the past, as the Federal Government is at the verge of dedicating the Kaduna refinery to refining just Jet A1. This was confirmed by Director, Flight Operations, First- Nation Airways, Capt Chimara Imediegwu while speaking with Woleshadare.net in Lagos. In the run up to this month, domestic airlines in Africa’s largest economy have…

Aircraft giant, Boeing is studying designs for a longer version of its 737 plane to compete with rival Airbus’ successful A321Neo, a person familiar with the matter said Thursday. Boeing is analyzing two potential designs for a plane that is expected to be called the 737 MAX 10 and would be the largest aircraft in the 737 line. The plane maker has held recent discussions with airlines and aircraft leasing firms to gauge interest in…

  All is not well with unions in the aviation sector following open confrontation against the president of Air Transport Senior Staff Association of Nigeria (ATSSAN), Benjamin Okewu. The bone of contention began according to union petitions with the secondment of the President to one of the aviation parastatals, the Accident Investigation Bureau (AIB). ATSSAN members in the Nigeria civil aviation authority (NCAA) who has the most active members frown at the fact that ATSSAN…

Air France-KLM Airline has relocated its Cargo operations; import and export services to the Skyway Aviation Handling Company Limited’s (SAHCOL) warehouse. The move which became effective on the 1st of September 2016 will ensure that all import shipments on Air France-KLM Airline flights to Lagos are to be warehoused in the SAHCOL ultra modern warehouse before clearance, while all export cargo on the Air France-KLM flights from Lagos are now to originate from the SAHCOL…

Chukwu David As the economic recession begins to hit both public and private sectors of the economy, Airline operators in Nigeria yesterday, cried out to the Federal Government to bail them out to prevent them from imminent collapse. The operators, who made the demand at an emergency interactive session with the Senate Committee on Aviation, asked the government to grant them Special Intervention Fund to remain afloat in business. Speaking on behalf of the operators…

    Despite the N35.9 million it pays monthly to clean the Lagos airport, the airport toilets and other areas still stink.   Document made available to WoleshadareNews shows that the Federal Airports Authority of Nigeria (FAAN) pays N35, 993,244.16 to 40 concessionaires monthly for the cleaning of the Murtala Muhammed Airport (MMA), Lagos alone. Investigation also shows that the 40 cleaning companies are placed in different locations within the airport. But, despite the regular…