2024 Archives - Aviation metric

Despite 82% revenue increase in 2024, decrepit facilities worry FAAN MD

Posted on March 1, 2025March 1, 2025 by Wole Shadare

Budget limitation hinders agency from implementing key projects The Federal Airports Authority of Nigeria (FAAN) has improved its revenue generation by over 100 per cent as the Managing Director of the agency, (FAAN), Olubunmi Kuku disclosed that the sum of ₦343,870,721,789.31 was generated from January to November, 2024 indicating an increase in revenue 82.5% performance which represent a positive variance of ₦155,487,786,012.29 between 2024 and 2023. The disclosure by Kuku is a cheery one…

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…

IATA: African airlines must overcome high costs, taxation, decrepit infrastructure, others, profit razor-thin

Posted on July 2, 2024July 2, 2024 by Wole Shadare

Carriers struggle with losses, challenges surmountable The International Air Transport Association (IATA) said the African airline sector must overcome many challenges, not least of which are infrastructure deficiencies, high costs, onerous taxation, and the failure to broadly implement a continent-wide multilateral traffic rights regime. IATA is excited about the continent’s airlines making a collective profit but the bad news is that it is razor-thin and well below the global benchmark with many individual…

African airlines to airlift 98 million passengers in 2024-AFRAA

Posted on February 12, 2024February 12, 2024 by Wole Shadare

Somalia takes back control of airspace from Kenya Zambia aims new approach to modernise cargo processing The African Airlines Association (AFRAA), the umbrella body for many of the continent’s airlines has estimated that the continent’s airlines will carry around 98million passengers in 2024. The group in its January 2024 performance updates made available to Aviation Metric noted that since November 2023, traffic carried by African airlines exceeded the 2019 level, stressing that…

Tough year for aviation, cautious optimism for 2024

Posted on January 2, 2024 by Wole Shadare

The year 2023 was tough for the aviation industry in Nigeria. Despite this, the sector still recorded some positives while 2024 could determine whether the sector would get out of the doldrums is a matter for both the policymakers and the players to reposition a sector that urgently needs a rescue, writes, WOLE SHADARE Troubled year The year 2023 came with a lot of troubles for the airlines and they would likely encounter more turbulence in…