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Aviation industry revenue to reach historic $996 billion in 2024, says IATA

Posted on June 3, 2024 by Wole Shadare

…Expenses to grow to $936 billion in 2024 Wole Shadare, Dubai Aviation industry revenues are expected to reach a historic high of $996 billion in 2024, just as passenger revenues are expected to reach $744 billion in 2024, up 15.2% from $646 billion in 2023 according to the International Air Transport Association (IATA). It however expressed concern that industry profitability is fragile and could be affected positively or negatively by many factors such as global…

IATA lauds Nigeria for clearing foreign airlines’ over $700 million blocked funds

Posted on June 2, 2024 by Wole Shadare

…$19 million due to CBN on-going verification-Walsh Wole Shadare, Dubai, UAE The International Air Transport Association (IATA) said Nigeria has cleared 98 per cent of foreign airlines’ blocked funds, disclosing that the remaining two per cent of funds amounting to $19 million yet to be cleared is due to the Central Bank’s ongoing verification of outstanding forward claims filed by the commercial banks. It noted that as of April 2024, 98% of these funds have…

Dana Air To Invest In Newer Aircraft, CEO Meets Keyamo

Posted on June 1, 2024 by Wole Shadare

Dana Air, one of Nigeria’s leading airlines has announced a significant step forward in its journey towards a vibrant resurgence in the aviation sector. The CEO of Dana Air, Jacky Hathiramani disclosed this recently in Abuja during a crucial meeting with the Honorable Minister of Aviation and Aerospace Development Festus Keyamo. According to the CEO, Dana Air has made significant progress in its commitment to revitalize its operations and the Board of the airline is…

Qatar’s destinations in Africa rise to 29 with DRC operations

Posted on June 1, 2024 by Wole Shadare

Mega carrier, Qatar Airways is expanding rapidly into the African aviation market as the carrier began flight operations, connecting the Democratic Republic of Congo with Europe, the Middle East and Asia. The inaugural flight from Doha to Kinshasa landed at N’djili International Airport on Saturday, 01 June 2024, bringing the total number of African destinations served by the airline to 29. The new route promises to connect Kinshasa to the world via Qatar Airways’ Doha…

61 Abuja-bound passengers ‘stranded’ in Chad over Air France’s plane technical fault

Posted on June 1, 2024June 1, 2024 by Wole Shadare

…. To airlift travellers on Monday, Minister charges CPD to engage carrier The Nigerian Civil Aviation Authority (NCAA) was in a series of discussions with Air France on how to speedily bring back 52 passengers to Abuja from Chad. The Air France aircraft was said to be heading to the Nnamdi Azikiwe International Airport, Abuja when it had a technical problem and diverted to Chad following a fault the crew noticed. Director of Public…

Why FG suspended $300 helicopter levy for review

Posted on May 31, 2024 by Wole Shadare

Federal Government has offered clarifications on the suspension in the collection of helicopter landing levy granted to its concessionaire: saying the enforcement of the project was temporarily halted to address pressing concerns raised by industry players. In a document sighted by the media titled :” Aviation Industry Update : Clearing the Air on Helicopter Landing Levies Collection “, it affirmed that recent reports concerning the project seem to have sparked confusion among aviation industry stakeholders…

Finchglow gets prestigious Delta Air Lines top sales award

Posted on May 30, 2024 by Wole Shadare

Finchglow Travels has been awarded the prestigious Delta Airlines Top Sales Agency Award for 2023. The award presentation took place on Wednesday, May 29, 2024, in Lagos. Top executives from Delta Airlines and Finchglow Travels attended to celebrate this significant achievement. The award is a testament to the strong partnership and exceptional performance of Finchglow Travels in promoting Delta Airlines’ services. This recognition therefore acknowledges the company’s outstanding sales achievements and commitment to delivering unparalleled…

NAMA safety facilities set to decline over 50% revenue deduction, seeks reversal

Posted on May 29, 2024May 29, 2024 by Wole Shadare

…New revenue sharing formula: NAMA gets 22%, NCAA 56% The Nigerian Airspace Management Agency (NAMA) may have found itself in serious problems following a 50 per cent deduction from its internally generated revenue which affected the provision of critical navigational equipment for many of the country’s airports. NAMA is entrusted with the critical responsibility of ensuring the safe conduct of flights within Nigeria’s airspace, including the Gulf of Guinea. To fulfil this mandate, NAMA maintains…

Bernard: My journey into the travel business world

Posted on May 28, 2024 by Wole Shadare

Bankole Bernard, the Group Managing Director (GMD) of Finchglow Holdings is an unassuming personality and one who ventured into the travel industry to not only change the narrative but to leave a lasting legacy for generations unborn. Bernard was so passionate about the aviation and travel sector that he left a lucrative banking job to take a plunge into an unfamiliar terrain which has seen his little beginning transform into a conglomerate of monumental proportions….

Visa: Remediating African obstacles

Posted on May 28, 2024 by Wole Shadare

Embracing liberal visa policies will not only facilitate seamless travel but also contribute significantly to enhanced trade in goods and services, cross-border investment and shared prosperity, writes, WOLE SHADARE Visa-free Africa Lots of commentators/observers (international and local) have argued on the issue of a Visa-free Africa, being the route to Africa’s integration. Some have said it’s necessary for a liberalised Africa and easy movement of Africans across borders, free movement of goods and services and…

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