aircraft Archives - Page 4 of 4

Ibom dumps wet-lease, to benefit from operating efficiency with 10 A220-300 aircraft

Posted on February 6, 2024 by Wole Shadare

As part of its long-term plan for its fleet programme, state-owned Ibom Air said it is putting an end to its wet-lease aircraft operation. This comes in the wake of the delivery of the company’s brand-new Airbus A220-300 aircraft, the first of 10) ordered from Airbus in October 2021. With the imminent entry into service of the A220, the ‘place holding’ work of the two wet-leased Airbus A320s now comes to an end. According to…

Hungarian firm mulls aircraft manufacturing, assembly in Nigeria

Posted on January 23, 2024January 23, 2024 by Wole Shadare

Hungarian aircraft maker, Magnus Aircraft Group is exploring collaboration with Nigeria with a plan to set up a manufacturing and assemblage of modern multi-purpose aircraft in the country. .Of particular interest was the integration of these aircraft into the training programs for students at the Africa Aviation and Aerospace University (AAAU) in Abuja. This is sequel to the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo’s visit following an invitation to its product introduction…

Dana takes delivery of aircraft from maintenance, named most innovative airline

Posted on December 24, 2023December 24, 2023 by Wole Shadare

Dana Air has been named the Most Innovative Airline of the year 2023 at the prestigious Nigerian Business Leadership Awards held at the Landmark Events Center in Lagos. The Nigerian Business Leadership Awards, renowned for celebrating outstanding business leaders, organizations, and individuals, focuses on recognizing entities that excel through innovative products, excellent services, and visionary executive leadership. The selection process for the Most Innovative Airline of the Year involved a thorough assessment conducted by the…

Airbus delivers 488 aircraft, revenue up €42.6b, EBIT adjusted €3.6b in nine month

Posted on November 8, 2023November 8, 2023 by Wole Shadare

Free cash flow before M&A and customer financing € 1.0 billion Airbus reported consolidated financial results for the nine months ended 30 September 2023, as the firm continues to make progress in its operational plan in a global environment that has become increasingly complex. “The nine-month earnings reflect higher commercial aircraft dein a global environment liveries, the good performance in helicopters as well as charges linked to the reassessment of certain satellite development…

Cathay Group orders 32 A320neo family aircraft

Posted on September 29, 2023 by Wole Shadare

Hong Kong’s Cathay Group has announced the purchase of an additional 32 Airbus A320neo Family aircraft as it continues to invest in expanding and modernising its fleet. The agreement doubles the Cathay Group’s total orders for the A320neo Family to 64, of which 13 have already been delivered. The 32 additional aircraft will comprise both the A321neo and A320neo which will join the fleets of Cathay Pacific and HK Express. They will principally serve destinations…

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