Ibom Air to cut capacity over soaring jet fuel

Ibom Air to cut capacity over soaring jet fuel

Carrier spends N7.6 million on fuel per flight from N2.1million Citing soaring jet fuel prices in Nigeria, Ibom Air on Monday said it may be forced to reduce flight capacity to continue providing services to its customers.  The airline’s statement, signed by Aniekan Essienette, Group Manager, Marketing and Communication, said the fuel price situation is an unprecedented crisis for Nigeria’s domestic airlines, adding that at Ibom Air, the cost of fueling its aircraft has more…

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‘Many African airports operate 50% less capacity’

‘Many African airports operate 50% less capacity’

Attributes poor performance to high charges Senior Lecturer at Digital Marketing and Tourism at the University of Bedfordshire, Dr Augusta Evans, has stated that many of Africa’s airports are operating less than 50% of their total capacity. This, she said, is contained in the 2022 report of the International Civil Aviation Organisation (ICAO). This significant underutilisation, she said, is driven by several interconnected factors that hinder the growth of the continent’s aviation sector. ICAO, she…

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Fleet depletion, capacity cut, reduced travel put airline business on edge

Fleet depletion, capacity cut, reduced travel put airline business on edge

 The vacuum created by the temporary absence of some carriers has created capacity issues for other operators, writes, WOLE SHADARE Scaling down While airlines are scaling up and acquiring aircraft by way of expansion, the country’s airline industry has taken a hit; no thanks to the downturn in the economy and the purchasing power of many Nigerians. Gone are the days when the middle-income earners could afford to engage in luxury and by extension see air…

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Foreign airlines returning to full capacity, fares may further tumble

Foreign airlines returning to full capacity, fares may further tumble

…Offer more seats, seek additional frequencies, expansion   The release of $850 million blocked fund by the Central Bank of Nigeria (CBN) to foreign airlines has begun to have a catalytic effect on the overall aviation travel chain as the sector is set to reap bountifully. Airlines have relaxed a lot of rules and regulations and are willing to launch back and begin to make money. Better things await the sector. The airlines see it…

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Slots: Busy airports reach capacity limits

Slots: Busy airports reach capacity limits

The slot allocation rules have enabled airlines to enter congested airports and grow their networks at very constrained aerodromes, creating more consumer choice, writes, WOLE SHADARE Slots necessity In a world of constrained airports, the slot system is a necessary framework through which airlines and airports can get the maximum reliable punctual operation of flights. For example, the number of European routes with more than one airline operating has increased by 37% since 2012 with many…

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