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  Carrier to launch in Dec. Approach aimed at business travelers     Despite the prolonged spell of turbulence in the country’s aviation industry, a new and ambitious airline Jetwest is being cleared for take-off.   JetWest, according to CNN could make its maiden voyage in December, and the team behind it is aiming high.   The nation’s leading carrier, Arik was recently taken over by the government to prevent it collapsing. The venture’s founder…

Connecting people even more efficiently   Airbus has delivered easyJet’s first A320neo, which is also the airline’s 300th A320 Family aircraft, at a ceremony in Toulouse involving Carolyn McCall, easyJet CEO, Gaël Méheust, CFM international CEO, Tom Enders, Airbus CEO, and other senior executives.   The aircraft, powered by CFM LEAP-1A engines, is configured in a comfortable 186 seat layout. To mark the occasion and to distinguish the NEO fleet, the aircraft has a specially…

United Bank for Africa Plc (UBA) successfully raised $500 million, though a debut Eurobond, which was 240% over-subscribed.  The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy.  The Global Offering is a five-year senior unsecured benchmark bond (144A/Reg S) listed on the Irish Stock Exchange and will further support the Group’s strategic vision, as it continues to grow its franchise across the continent and client segments.   The bond, which is rated…

The inability of Nigeria’s airlines to grow, expand and be strong enough to attract more Nigerians to travel by air has contributed to excess capacity that has led to huge economic losses in terms of potential turn-over of the carriers, Chief Executive, CITA Aviation Fuelling Company, Dr. Thomas Olaleye Ogungbangbe, has said.   He spoke in a paper he delivered at the weekend in Lagos entitled: “Strategies and Business Performance of Domestic Airlines in Nigeria.”…