Nigeria risks low passenger traffic for 2016

Nigeria risks low passenger traffic for 2016

*Aviation contribution to GDP may drop to 2% *More airlines offer zero commission to travel agencies Nigeria is at the risk of declined air traffic following the withdrawal of airlines and the cut down of capacity on the lucrative Nigerian routes by foreign airlines. The implication of this situation is that the revenue expected to go to agencies like the Federal Airports Authority of Nigeria (FAAN), the Nigerian Civil Aviation Authority (NCAA) and the Nigerian…

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Oil Rout: Air Transport Trade In Nigeria, Others Decline By $200m

Oil Rout: Air Transport Trade In Nigeria, Others Decline By $200m

Given the global macro challenges, it is estimated that air transport business in major African cities, including Nigeria declined by $1 per passenger since the slide in oil prices two years ago. This translates to over $200 million considering that Africa’s air traffic for 2015 was put at over 200 million. The aviation sector is said to cater for 3.5 billion passengers globally and is said to be a major facilitator for as much as…

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For Aviation, It’s Slow Path

For Aviation, It’s Slow Path

The aviation industry in Nigeria is not immune from the recession that has hit airlines globally. WOLE SHADARE writes on other issues that shaped the second quarter of 2016 The aviation sector in the last quarter was on a slow path. It was a mixed grill for a sector that is globally hit by recession. For Nigerian airlines, they are very much faced with hard times, leading to the cutting down of routes, especially on…

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Foreign Airlines Seek Fresh Forex Window

Foreign Airlines Seek Fresh Forex Window

Want Bills To Agencies Settled In Naira Foreign airlines operating in Nigeria are seeking a fresh window for stable foreign exchange rate to ease their operations, woleshadare.net gathered. Besides, they said the new forex opening would help to stem the astronomical rise in prices of air ticket. According to three of the major airlines that spoke with our correspondent, the airlines wanted a stable exchange rate for their carriers, stressing that the flexible exchange rate…

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Lufthansa equips flights with internet connectivity

Lufthansa equips flights with  internet connectivity

As part of efforts to make air travel enjoyable, Lufthansa German Airline has equipped its entire wide-body aircraft including the A330-300 deployed on the Nigerian destinations with broad band internet on board.   The carrier also stated that from October this year the first short- and medium-haul aircraft would take off with broadband internet on board. Lufthansa’s entire A320 family fleet is expected to have the innovative technology installed by mid-2018.   One key milestone…

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Travellers groan as int’l airfares rise by 70%

Travellers groan as int’l airfares rise by 70%

Drop in air traffic imminent, bookings cancelled Stop selling tickets in dollars, NCAA warns airlines Air travellers from Nigeria are having a horrid time, as airfares on international routes have jumped over the roof, prompting prospective passengers to either postpone their trips or opt for outright cancellation. Two factors – depreciation of local currency against the United States dollars and the rush for summer holiday – have pushed airfares up by between 70 and 100…

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Stop selling tickets in dollars, NCAA warns airlines

Stop selling tickets in dollars, NCAA warns airlines

The Nigerian Civil Aviation Authority (NCAA) has warned airlines, particularly foreign airlines to desist from selling tickets in United States dollars. The aviation regulatory body said the action is a flagrant contravention of Central Bank of Nigeria’s (CBN) prerequisite guiding cost of products or services in Nigeria. According to the Central Bank of Nigeria (CBN) circular issued on  April 17, 2015, it directs that “Pricing of any product shall continue to be in Naira only…

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Ethiopian Airlines soars above competitors with new planes

Ethiopian Airlines soars above competitors with new planes

*Deploys A350XWB on Lagos route Tewolde Gabremariam had his work cut out for him when he took over as Ethiopian Airways Chief Executive Officer (CEO) some few years ago. Gas prices were soaring, the economy was on the verge of crumbling, and operating costs were nearly suffocating the multi-billion-dollar airline. Big and small airlines were pouring salt in the wounds of industry giants by picking up routes and capturing shares of the market which others…

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We have developed security system in response to challenges-Dunoma

We have developed security system in response to challenges-Dunoma

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Saleh Dunoma has said that the agency has made significant efforts to fortify security at the airports. Dunoma who made this known to journalists in Lagos said with the efforts of the federal government, FAAN has developed efficient security system in response to new challenges. “Security is already in place, the only thing, is that once things happen you need to beef it up…

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Travel leaders to discuss African airlines’ challenges at Accra Weizo

Travel leaders to discuss African airlines’ challenges at Accra Weizo

*Airlines, others nominated for awards Governor Ben Ayade, the Minister of Tourism, Ghana’s, Elizabeth Ofosu-Adjare and the Tourism Minister of Gambia, Benjamin Roberts are the Leading candidates nominated by the Balafon Award committee for the West African Tourism Man of the year award. The maiden edition of the Award was won last year by the Minister of Tourism Ghana at Accra Weizo. Since the last edition the Minister has increased her tempo of marketing Ghana…

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