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Ruptured fuel pipelines to Lagos airport since 1992 worry stakeholders

Posted on May 18, 2016May 20, 2016 by Wole Shadare

*FAAN rakes in N7.5 million daily from JET A1 tax, scarcity ends *3 million litre fuel consumed daily Except the Federal Government urgently repair the broken down pipelines linking the Atlas Cove to the airports, particularly the Murtala Muhammed Airport, Lagos, aviation fuel crisis would continue to persist. The pipelines ruptured in 1992 and since then, aviation fuel, otherwise known as Jet A1 is brought to the airports in tankers that in most cases have…

Emirates Group Announces Record Profits

Posted on May 18, 2016 by Wole Shadare

The Emirates Group today announced its 28th consecutive year of profit and steady business expansion, ending the year with record profits, and in a strong position despite the global and operational challenges during this period. During the 2015-16 financial year, both Emirates and dnata achieved new capacity and profit milestones, as the Group continued to expand its global footprint, and strengthen its business through strategic investments. Released today in its 2015-16 Annual Report, the Emirates…

The ‘standoffish’ Murtala Muhammed int’l Airport

Posted on May 17, 2016 by Wole Shadare

For a country the size of Nigeria, with a huge travelling population, the Murtala Mohammed International Airport Lagos, Nigeria’s major gateway, is an eyesore. This is beyond the dysfunctionality of the structure and its atmosphere. Everything is wrong with the airport. Many feel that it is one of the most unfriendly airports in the world. It’s very unwelcoming to visitors, passengers and airline staff; and probably the operator. The remodeling exercise of the airports…

NCAA warns airlines over flight delays, cancellations

Posted on May 17, 2016 by Wole Shadare

Piqued by incessant cancellations, the aviation regulatory body, the Nigerian Civil Aviation Authority (NCAA) has expressed concern over taking passengers for granted with the spate of un-operated flights the country. Several reports from the Consumer Protection Officers (CPOs) and aggrieved passengers have inundated NCAA’s offices from across the nation’s airports. Notwithstanding, the regulatory authority said it is very much aware of the prevailing challenges as regards aviation fuel, saying it is expected that the airlines should…

African carriers to lose $100m in 2016

Posted on May 17, 2016 by Wole Shadare

African airlines are in dire straits as they are likely to lose $100 million in 2016, according to Chief Executive, Airlines Association of Southern Africa (AASA), Chris Zweigenthal. He disclosed this at the three-day Air Finance for Africa summit that ended in Johannesburg, South Africa, last weekend. This is, however, an improvement on the $300 million loss recorded by the continent’s carriers last year. The AASA boss equally lamented that out of 200 African airlines,…

African airlines in intensive ward

Posted on May 17, 2016 by Wole Shadare

This year’s Air Finance for Africa summit ended in Johannesburg, South Africa, with tales of woes trailing airline developments. WOLE SHADARE writes The gathering Global aviation experts, who converged on Johannesburg, South Africa, hinged the growth of the aviation industry on sustainable airline operations. They spoke at the 25th yearly African Aviation Finance Conference with the theme: “Air finance for Africa.” In attendance were some African leaders; representatives of aircraft giants – Boeing; Airbus; –…

FG probes 3000 illegal jobs in aviation

Posted on May 16, 2016 by Wole Shadare

*New flying rule begins July The Federal Government is set to probe over 3,000 jobs that were allegedly done without due process between 2011 and 2013 in the aviation industry. The investigation came hours after the Nigerian Civil Aviation Authority (NCAA) disclosed that the new Nigeria Civil Aviation Regulations (Nig.CARs), promulgated in December 2015, would take effect from July 1, 2016. Already, a circular has been sent to the Chief Executive Officers of all the…

Ojikutu charges NCAA on JET A1 standard

Posted on May 15, 2016May 15, 2016 by Wole Shadare

Aviation security expert, Group Capt. John Ojikutu (rtd) has charged the Nigeria Civil Aviation Authority (NCAA) to draw up standards for Jet-A1 quality assurance, starting with the transportation vehicles type or profile; supply and trucking systems; storage and dispensing systems. He stated that at the moment, vehicles supplying aviation fuel, otherwise known as Jet-A1 are not sufficiently distinct from those supplying other petroleum products. Ojikutu disclosed that the consequence of all these development could result…

New aviation regulation takes effect July 1, 2016

Posted on May 15, 2016May 15, 2016 by Wole Shadare

*FAAN inaugurate runway safety committee The Nigerian Civil Aviation Authority (NCAA) today disclosed that the new Nigeria Civil Aviation Regulations (Nig.CARs) promulgated in December, 2015, will take effect from July 1, 2016. This was contained in a Circular Ref: NCAA/DG/AOL/21/16/01 sent to all airline operators last month. Spokesman for NCAA, Sam Adurogboye stated that whilst all operators are in possession of the copies of the regulations, the interregnum between April and the commencement…

Arik, others to benefit from $20bn Afreximbank loan

Posted on May 11, 2016May 12, 2016 by Wole Shadare

From our correspondent in Johannesburg Nigeria’s flag carrier airline, Arik, and some others within the continent could be injected with funds by the African Export-Import Bank (Afreximbank) to revive their operations, if an arrangement to this effect scales through. To this end, over $20 billion (about N4 trillion) has been earmarked as part of syndicated loans to assist the carriers get out of the woods. Senior Manager, Syndicated and Special Finance Department, Afreximbank, Samuel Mugoya,…

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