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  Across a wide range of industries, traditional market leaders are threatened by low price competitors. These low price firms are steadily eroding the profit margins and market share of their more established rivals, writes WOLE SHADARE Intense competition Beginning in the North America and spreading to Europe, the airline passenger market has witnessed a growing intensity in price-based competition.This intensified competition has been facilitated by policy deregulation initiatives until the emergence of the phenomenon low…

  Air travel declines by 20% as NANTA holds mini Durbar The breakout of coronavirus disease has led to a change in travel pattern of Nigerians, who have jettisoned China temporarily for Turkey to import their goods, according to President of the National Association of Nigerian Travel Agents (NANTA), Mr. Bankole Bernard. Bernard, who spoke to Woleshadarenews at the weekend on preparation of the body to hold its 44th Annual General Meeting (AGM) in Kano later this…

  Airlines’ losses may exceed IATA’s $113b projection More international carriers are taking drastic measures to limit the spread of deadly Coronavirus as Turkish Airlines has cancelled all flights to Lagos, Abuja and Port-Harcourt. The carrier operates to the three destinations in Nigeria. The airline in a statement  said the cancellations would start for flights originally scheduled to arrive Lagos on March 17, 23 and 29th, while flights for Abuja scheduled for March 13, 16th,…

      In a move to reposition the country’s airports for customers’ satisfaction, the Managing Director of Federal Airports Authority FAAN, Captain Rabiu Yadudu has led a high powered delegation of the organisation to Munich Airport, Germany. Speaking at the event, Captain Yadudu pointed out that Munich Airport is one of the world’s most successful airports and that the visit was part of the commitment of the Minister of Aviation, Mr. Hadi Sirika, to…

  Airlines’ losses mount Nigerian airlines are on the edge over how to curb the spread of Coronavirus as more airlines across the globe are cutting flights and applying measures to curtail the deadly virus that is expected to affect global airlines’ bottom line to the tune of $113 billion, according to the International Air Transport Association (IATA) in its latest forecast on global airline outlook. These losses could climb to over $200 million if…

  Asks carriers to issue health declaration forms to passengers Following the difficulty in tracing all passengers who came in contact with an Italian diagnosed with first index case of Corona virus in Nigeria, the Nigerian Civil Aviation Authority (NCAA) today ordered all airlines operating International and regional flights into Nigeria to issue Health Declaration Forms to their passengers including crew members before arriving Nigerian airports.   The Lagos State Government had said it was…

The International Air Transport Association’s (IATA) latest study on the importance of air transport and tourism to Ethiopia revealed that the sustained prioritization of air transport, connectivity and tourism as a strategic asset, would support an additional 900,000 jobs and at least USD 9.3 billion of GDP by 2037.   IATA’s economic report, which was presented in Addis Ababa today, identified air transport and tourism as significant economic enablers. Air transport and foreign tourists arriving by…

Anticipates 21,000 pilots, 25, 000 new technicians To meet market demands, Africa will need over 1,200 new passenger and freighter aircraft.  By 2038, we will see double the number of planes we currently see in the sky according to the Airbus Global Forecast. This is coming as aircraft giant, Airbus Industree has pledged commitment to Africa’s burgeoning aircraft market, saying the continent has witnessed exponential growth and would continue to grow because of the enormous potentials…