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*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…

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…

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…

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…

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…

*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…

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…