Investment Archives - Aviation metric

Lagos airport reconstruction, light rail project hit ₦1 trillion investment portfolio

Posted on October 5, 2026October 5, 2026 by Wole Shadare

How Nigeria’s oldest airline, Aero Contractors rebounded from -134% Margin In a major push to modernise Nigeria’s critical transport infrastructure, the Federal Government has revealed an investment portfolio exceeding ₦1 trillion to overhaul Murtala Muhammed International Airport (MMIA), Lagos, and build a connecting light rail system. The Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), disclosed this during a ceremony celebrating the 67th anniversary of Aero Contractors, Nigeria’s oldest surviving airline. Breaking down the…

Opinion: Investment key to future growth for global, African aviation

Posted on July 12, 2024 by Wole Shadare

The aviation sector’s recovery from COVID-19 has been remarkable, with revenue passenger kilometres (RPKs) and available seat kilometres (ASKs) reaching close to pre-pandemic levels, according to the International Air Transport Association (IATA). In the fourth quarter of 2023, traffic was at 98.2% of pre-pandemic numbers. Additionally, the sector is expected to experience record fleet and maintenance, repair, and overhaul (MRO) growth this year. Oliver Wyman’s latest Global Fleet and MRO Market Forecast predicts that the number…