Growth

Inconsistent unified central data system inhibits aviation, travel policies, growth, says Bernard

Posted on by Wole Shadare
Inconsistent unified central data system inhibits aviation, travel policies, growth, says Bernard

FCM boss, Adejoju harps resilience in corporate travel resilience amid economic downturn The Group Managing Director of Finchglow Holdings, Bankole Bernard has lamented the inconsistent data from various agencies of aviation is impeding industry growth, adding that a central data system would solve 50% of our challenges, providing a reliable foundation for policy formulation and business planning. Bernard made the disclosure last week as one of the panellists at the 28th annual conference of the…

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Nigeria identifies wet lease, others as obstacles to carriers’ growth

Posted on by Wole Shadare
Nigeria identifies wet lease, others as obstacles to carriers’ growth

NANTA seeks Minister’s intervention in travel trade market Trans-boarder ticket sales shrink domestic market by 40%    For many years, Nigerian airlines have been faced with the challenge of getting aircraft on a dry-lease agreement which has put enormous strain on their operations as airplanes are only available to the operators on a wet-lease basis with huge attendant costs. Faced with the situation that has led to the shrinking of the country’s domestic aviation market…

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Amid Africa’s 2% global cargo market, region sees 14.2% year-on-year demand growth

Posted on by Wole Shadare
Amid Africa’s 2% global cargo market, region sees 14.2% year-on-year demand growth

The International Air Transport Association (IATA) said Africa, which accounts for 2.0% of the global air cargo market saw 14.2% year-on-year demand growth for air cargo. The clearing house for more than 300 global airlines just released its latest y-o-y analysis of the air cargo market (a very useful barometer of trade) based on capacity (supply) and traffic (demand) in March 2024 stated that demand in Africa–Asia market increased to 22.9%, however, this was a…

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Brand new aircraft: Aviation in Nigeria faces historical changes, growth

Posted on by Wole Shadare
Brand new aircraft: Aviation in Nigeria faces historical changes, growth

In the recent past, there have been remarkable transformations in the airline industry, which have influenced economic efficiency and the high degree of competition noticed among operators as Nigerian carriers are donning the sky with brand new airplanes, writes, WOLE SHADARE   Historical changes The Nigerian aviation industry has continued to experience historic changes, growth, and development. Gone are the days when over 98 percent of aircraft operating in the country’s sky were over 25 and…

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