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The estimated total earnings in foreign exchange that accrued to the aviation industry were $1.132 billion according to statistics of passenger traffic for 2014/2015. The figure shows that within that period 2.5 million litres/ day of fuel was sold to foreign airlines at $0.60 per litre, which amounted to $400, million. The Federal Airports Authority of Nigeria (FAAN) Passenger Service Charge (PSC) of $50 per passenger on about 3.5 million outbound International Passengers (2014/2015 FAAN…

  The Nigerian Aviation Handling Company PLC (nahco aviance) continues to demonstrate excellence in the Aviation industry with the recent recertification of its operations by IATA which issued it with fresh ISAGO Certificate. The re-certification which runs till June 12, 2018 replaces the one which expires June this year. NAHCO had always had the certification, getting re-certified by IATA at the expiration of one certification. IATA Safety Audit for Ground Operations Program (SAGO) is a…

    11 Others To Gulp N22bn Most Runways Expired 10 Years Ago   The Federal Government has spent over N33.09 billion to resurface most of the country’s airport runways between 2004 and 2015, Woleshadare.net has learnt. Despite this colossal amount, the facilities are still in terrible shape with most of them ridden with potholes, causing danger to life and equipment. A document made available to our correspondent shows that the resurfacing of the runways…

*Egypt frees $240 million trapped funds Foreign airlines operating to Nigeria can now heave a sigh of relief as the value of ticket sales owed to foreign airlines in Nigeria has been reduced by over 50 percent since June, the International Air Transport Association (IATA) said yesterday, adding that it is making progress to recoup billions of dollars in revenues blocked by some countries. The clearing house for global airlines  in June this year put…

In the first picture we have Mr Arthur Dieffenthaler, Commercial Director Air France KLM with the winners of the grand finale of Dare2Dream Season 3, a KLM sponsored Youth empowerment competition in conjunction with Kinabiti Fashion Italy. The event was held in Lagos recently. In the second picture, we have Arthur Dieffenthaler, Commercial Director Air France KLM, and Mr Kunle Afolayan, Brand Ambassador for Air France, flanked by representatives from Top travel agencies in Nigeria…

More than a month after the management of the airline grounded its operations because of lack of airplanes; workers of Aero Contractors today staged a peaceful protest over the continued closure of the airline by the Asset Management Company of Nigeria (AMCON). The protest was organised by the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and National Union of Air Transport Employees (NUATE). The workers, who began the protest at about 8.45a.m, marched…

*Calls for 2014 Montreal Protocol Ratification The International Air Transport Association (IATA) released figures showing that reports of unruly passenger incidents on-board aircraft increased in 2015. Some 10,854 unruly passenger incidents were reported to IATA by airlines worldwide last year. This equates to one incident for every 1,205 flights, an increase from the 9,316 incidents reported in 2014 (or one incident for every 1,282 flights). The majority of incidents involved verbal abuse, failure to follow…

Adam Levine-Weinberg (TMFGemHunter) Boeing’s goal of selling at least 40 current-generation 777s in 2016 looks much more feasible than it did just one week ago. While the stock market has surged to record highs in 2016, shares of Boeing (NYSE:BA) have been held down by widespread worries about slowing aircraft demand. Indeed, with the end of September quickly approaching, Boeing is less than halfway to its full-year goal for aircraft orders. Order activity for the 777 widebody family…

*$3.10tr projected as accruals in 30 years Wole Shadare Thee Managing Director of the Federal Airports Authority of Nigeria (FAAN) Saleh Dunoma yesterday said the aviation sector is expected to inject about $5b  out of the  $3.10 Trillion required by the National Integrated Infrastructure Masterplan (NIMP) over a period of 30 years through Public Private Partnerships  (PPP). Dunoma stated this at the annual conference and exhibition of the Airport Council International ACI) holding in Montreal….