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Arik, AMCON endless messy tango

Posted on January 21, 2025January 21, 2025 by Wole Shadare

The question on the lips of many who have followed the Arik Air saga is how long will this drama continue to play out? WOLE SHADARE examines various positions of the feuding parties Ominous sign It is becoming very clear that Arik Air may be liquidated by the time the Assets Management Corporation of Nigeria (AMCON) vacates all the litigations instituted by the airline’s founder, Mr. Johnson Arumemi-Ikhide. It seems as the only option left to mitigate…

NiMet workers petition Tinubu, Keyamo over poor salary structure

Posted on January 20, 2025January 20, 2025 by Wole Shadare

Some workers of the Nigerian Meteorological Agency (NiMet) have written to President Bola Ahmed, the Minister of Aviation and Aerospace Development, Festus Keyamo and the Secretary to the Federal Government over the significant salary disparity between NiMet staff and their counterparts in the Federal Airports Authority of Nigeria (FAAN), the Nigerian Civil Aviation Authority (NCAA), Nigerian Airspace Management Agency (NAMA) and the Nigerian Safety Investigation Bureau (NSIB). They noted that the salaries of those of…

AMCON: Why we took over Arumemi-Ikhide’s three firms, vows to recover N227.6 billion Arik debt

Posted on January 17, 2025 by Wole Shadare

Unmoved by what it termed peddling of falsehood, the Assets Management Corporation of Nigeria (AMCON) on Friday said there is no going back on the corporation’s effort to N227,637,469,394.34 billion owed by Arik Air saying it would not be intimidated by the debtors alleged sponsored media attacks and resistance to pay. Putting the record straight, spokesman for AMCON, Jude Nwauzor who briefed the media in Lagos disclosed that the firm needed to correct some misinformation…

Delta begins Centenary with game-changing innovations

Posted on January 15, 2025 by Wole Shadare

Delta ushered in its 100th anniversary with a larger-than-life presence at CES 2025 in Las Vegas. Spearheaded by a first-of-its-kind keynote delivered by CEO Ed Bastian at Sphere, Delta’s appearance at the tech event commemorated a century of groundbreaking aviation milestones and the airline’s commitment to innovation, all powered by people. This is coming as passengers flying from the Murtala Muhammed International Airport to Hartsfield-Jackson Atlanta International Airport (ATL) this holiday season have been promised…

Aligbe: Nigeria big enough to harness global air travel potential

Posted on January 15, 2025January 15, 2025 by Wole Shadare

The Chief Executive of Belujane Konsult, Mr Chris Aligbe, said Nigeria is big enough to have three big and formidable airlines that can be either privately owned or government-backed carriers to harness air travel potentials for the country. He noted that the country needs a national flag carrier to strengthen Lagos or Abuja as a hub, stressing that no private airlines have ever built a hub. Aligbe He cited countries in Africa like Ethiopian Airlines,…

Nigeria’s fast receding, vanishing aviation market

Posted on January 14, 2025January 14, 2025 by Wole Shadare

Robust domestic market The Nigerian domestic market is robust and has elicited wide acceptance by many as one of the biggest in Africa and unarguably the biggest in West Africa propelled majorly by a huge population. The Nigerian airline industry has witnessed a high turnover of domestic airlines since deregulation; generally, many of the local airlines have been short-lived, with many operating for a few years and then folding Two things such as fear of…

Safety, efficient air navigation pivotal to economic dev, says Perm Sec, Kana

Posted on January 10, 2025January 10, 2025 by Wole Shadare

The newly appointed Permanent Secretary of the Ministry of Aviation and Aerospace Development Dr Ibrahim Abubakar Kana has commended the critical role played by the Nigerian Airspace Management Agency (NAMA) in ensuring the safety and efficiency of air navigation in the country. Describing it as very strategic and pivotal in the nation’s economic development, even as he eulogised the staff of the agency for their teamwork, dedication and commitment towards achieving organisational objectives, saying that…

African airlines’ increase demand rises by 12.4%

Posted on January 9, 2025January 9, 2025 by Wole Shadare

African airlines saw a 12.4% year-on-year increase in demand. Capacity was up 6.0% year-on-year. The load factor rose to 72.9% (+4.1 ppt compared to November 2023) according to the International Air Transport Association (IATA) which released data for November 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometres (RPK), was up 8.1% compared to November 2023. Total capacity, measured in available seat kilometres (ASK), was up 5.7% year-on-year. The November…

Airbus reports 766 commercial aircraft deliveries in 2024

Posted on January 9, 2025 by Wole Shadare

Aircraft maker, Airbus delivered 766 commercial aircraft to 86 customers around the world in 2024. The Commercial Aircraft business registered 878 gross new orders. As a result, its 2024 year-end backlog stood at 8,658 aircraft. Airbus’ 2024 aircraft fleet deliveries Christian Scherer, CEO of Commercial Aircraft at Airbus said, “2024 confirmed sustained demand for new aircraft. We won key customer decisions with the most important customers and saw phenomenal momentum for our wide-body order book, complementing our leading position…

NCAA: Rocky road to aviation regulation

Posted on January 7, 2025January 7, 2025 by Wole Shadare

The Nigerian aviation space has witnessed several challenges, even as its regulation has striven to meet global expectations under the watch of the 25-year-old Nigerian Nigeria Civil Aviation Authority (NCAA). WOLE SHADARE writes Reflection Just last week, the Nigerian Civil Aviation Authority (NCAA) rolled out the drums to celebrate 25 years of the aviation regulatory body, otherwise known as the policeman of the aviation industry. Describing the agency as the policeman of the agency gives…

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