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Airlines under pressure to raise fares

Posted on March 5, 2016March 8, 2016 by Wole Shadare

Nigerian airline operators are under immense pressure to raise airfares due to the sliding of naira, which further crashed to N280 to a dollar yesterday. The naira had traded at N375/$ on Monday, but exchanged at N390 to the greenback last Friday. Before airlines can raise fares, they would need to get permission from the Nigeria Civil Aviation Authority (NCAA) and convince travellers who are already shunning air travel and taking to road travel on…

Union threatens strike over merger of NAMA depts.

Posted on March 5, 2016 by Wole Shadare

The National Union of Air Transport Employees (NUATE) has issued a notice of warning to the management of Nigeria Airspace Management Agency (NAMA) to embark on full scale strike over the proposed merger Automated Information Service (AIS) and Communications departments by the agency. The union which kicked against the merger yesterday embarked on a warning strike to press home their demands and called on the management to jettison the plan. The management had called for…

High interest rate killing aviation –Experts

Posted on March 4, 2016 by Wole Shadare

High interest rates and difficulty in accessing loans from commercial banks have been identified as some of the problems contributing to the near comatose state of the aviation industry. Managing Director, Financial Derivatives Limited, Bismarck Rewane, said this in the October 2015 monthly report made available to New Telegraph. Aviation analysts had advised that the Federal Government should offer low interest rates on loans given to airlines to keep them afloat, adding that some governments…

Angst over NCAA’s N150m boardroom refurbishment

Posted on March 4, 2016March 5, 2016 by Wole Shadare

Angst over NCAA’s N150m boardroom refurbishment Purchases 150 units of office chairs at N10m In a bid to come out of its financial crisis, The Nigeria Civil Aviation Authority (NCAA) has put in place system to block leakages at the agency. The aviation regulatory body had been in financial crisis leading to its inability to train workers and send inspectors to oversight aircraft. In the last three years until now, the NCAA had struggled to…

Lagos airport undergoes America’s security audit

Posted on March 4, 2016March 5, 2016 by Wole Shadare

A four-man team from the Transportation Security Administration (TSA) United States of America is currently in the country carrying out the security audit of the Murtala Mohammed International Airport (MMIA) Lagos in line with TSA security procedures. The team, led by Transportation Security Specialist (TSS) was at NCAA on Monday to brief the Director General, Nigerian Civil Aviation Authority (NCAA), Capt. Muhtar Usman on the exercise. According to him, they would in the course of…

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