Expansion

United Nigeria Airlines backs expansion drive with landmark ₦22bn capital raise

Posted on by Wole Shadare
United Nigeria Airlines backs expansion drive with landmark ₦22bn capital raise

  For decades, Nigeria’s capital markets have viewed commercial aviation through a lens of extreme caution. High operational volatility, foreign exchange pressures, and heavy debt burdens have historically made institutional investors hesitant to back domestic carriers with non-bank debt instruments. That long-standing status quo has now been broken. United Nigeria Airlines (UNA) has successfully closed the first tranche of its ₦100 billion Commercial Paper (CP) programme, raising ₦22 billion in a historic debut that marks…

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United Nigeria Airlines unveils aggressive expansion phase

Posted on by Wole Shadare
United Nigeria Airlines unveils aggressive expansion phase

To expand wings to US, London, UAE, Senegal, South Africa United Nigeria Airlines (UNA) celebrates its 5th anniversary by unveiling ambitious plans to expand its wings to the United States, London, and several other international destinations. Since its inaugural flight in 2021, the airline has transitioned from a domestic carrier to a regional player and is now positioning itself for global operations. The mega plans shared by the airline’s Chairman, Prof. Obiora Okonkwo, focus on…

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Ibom Air shows resilience, expansion in five year, unveils future plans

Posted on by Wole Shadare
Ibom Air shows resilience, expansion in five year, unveils future plans

Nigerian carrier, Ibom Air, today clocks five years of existence. Within those five years, the airline has shown resilience and aggression in spreading its wings, connecting many destinations. It is five years of marking a significant milestone on its journey to provide reliable, exceptional air travel services in Africa. Since its inception, Ibom Air has been committed to offering world-class schedule reliability, on-time departures and excellent service, earning the confidence and loyalty of passengers across…

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Foreign airlines at breaking point over $792million stuck funds, expansion threatened, may cease operations to Nigeria

Posted on by Wole Shadare
Foreign airlines at breaking point over $792million stuck funds, expansion threatened, may cease operations to Nigeria

The International Air Transport Association (IATA) on Thursday said international airlines whose total funds of $792 million are stuck in Nigeria are getting to a breaking point where they find it extremely difficult to expand their operations both in Nigeria and elsewhere. The IATA’s Regional Vice President Africa & Middle East, Kamil Al-Awadhi at a media presentation with African journalists at the IATA Global Media Day in Geneva, Switzerland on Thursday called on the Federal Government…

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