Nigeria Archives - Page 16 of 17

Hungarian firm mulls aircraft manufacturing, assembly in Nigeria

Posted on January 23, 2024January 23, 2024 by Wole Shadare

Hungarian aircraft maker, Magnus Aircraft Group is exploring collaboration with Nigeria with a plan to set up a manufacturing and assemblage of modern multi-purpose aircraft in the country. .Of particular interest was the integration of these aircraft into the training programs for students at the Africa Aviation and Aerospace University (AAAU) in Abuja. This is sequel to the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo’s visit following an invitation to its product introduction…

Total Radar Coverage Of Nigeria For Upgrade 13 Years After

Posted on January 20, 2024January 20, 2024 by Wole Shadare

Facility estimated to gulp N23b in 2022 The Minister of Aviation and Aerospace Development, Festus Keyamo had met with renowned France-based global air surveillance radar provider, Thales over the upgrade of the country’s radar system. In 2022, it was estimated that the planned upgrade of TRACON commissioned 13 years ago would cost N23bn while the Safe Tower Project (STP) and the Wide Area Multilateration (WAM) system, a surveillance facility to cover the Gulf…

Nigeria, travel agents lose over $400m to offshore ticket purchases

Posted on January 18, 2024January 18, 2024 by Wole Shadare

Job losses persist over $800 airlines’ trapped funds The insistence by many of the international airlines for dollar payment for tickets and the skyrocketing airfares on the Nigerian routes occasioned by carriers’ trapped $800 million has resulted in losses to the economy estimated at more than $400 million. Job losses equally persist as many of the travel agencies have cut staff strength over the purchase of tickets overseas and have devised a means of collaboration…

Firm acquires data facilities to capture helicopter operations in Nigeria

Posted on January 18, 2024January 18, 2024 by Wole Shadare

An indigenous operator in the Aviation sector, NAEBI Dynamic Concepts Limited is acquiring additional equipment to enhance its service delivery. The company is acquiring information technology tracking devices, body-worn cameras, control room complete facility rack fitted amongst other support information technology facilities that will capture and relay data for helicopters flying in and out of Nigeria. Managing Director/ Chief Executive Officer of NAEBI Dynamic Concepts Limited, Mr. Chike Stanley stated that the move to re-fleet…

Minister: Inter-agency rivalry cost Nigeria ICAO audit

Posted on January 15, 2024 by Wole Shadare

Keyamo to chair committee for March 2024 security assessment Minister of Aviation and Aerospace Development, Festus Keyamo explained reasons Nigeria performed abysmally poor at the recent Universal Safety Oversight Audit Programme (USOAP) of the International Civil Aviation Organisation (ICAO), saying inter-agency rivalry amongst the Chief Executive Officers and lack of coordination cost the nation so much. Nigeria scored five points short of the 75 percent benchmark which in aviation is considered to be below pass…

Minister: Nigeria needs befitting national carrier

Posted on January 11, 2024 by Wole Shadare

· Govt in talk with Boeing, others for cheaper aircraft leases · Why Nigerian airlines are challenge-Keyamo Minister of Aviation and Aerospace Development, Mr. Festus Keyamo may have rekindled hope for a national airline for Nigeria, saying the country needs a national airline that befits the status of the country as a giant of Africa. He disclosed that what he inherited as Nigeria Air was not patriotic enough, maintaining that the project remains suspended until he gets…

MMA2 Int’l Operations: Key to Nigeria, regional development

Posted on January 9, 2024 by Wole Shadare

Many international air travelers would choose to travel out of Nigeria through other airports rather than from Lagos if they had a choice because of the hassles associated with passenger facilitation at Lagos airport. The clamour to revisit the approval given to MMA2 to operate flights from the terminal because of hassle-free processes, investment in world-class equipment, and the serene ambiance of the terminal is gaining traction, Writes, WOLE SHADARE Strict requirements Regional airports or terminals…

Foreign airlines at breaking point over $792million stuck funds, expansion threatened, may cease operations to Nigeria

Posted on December 8, 2023 by Wole Shadare

The International Air Transport Association (IATA) on Thursday said international airlines whose total funds of $792 million are stuck in Nigeria are getting to a breaking point where they find it extremely difficult to expand their operations both in Nigeria and elsewhere. The IATA’s Regional Vice President Africa & Middle East, Kamil Al-Awadhi at a media presentation with African journalists at the IATA Global Media Day in Geneva, Switzerland on Thursday called on the Federal Government…

IATA: 25% loan interest, airlines’ insurance premium in Nigeria highest in the world

Posted on December 7, 2023 by Wole Shadare

Nigerian airlines set up to fail from start Why carriers are not profitable Wole Shadare, Geneva, Switzerland The International Air Transport Association (IATA) said that 25% interest on loans which it tagged ‘ridiculous’, high airport taxes and insurance premiums which it said is six times more than anywhere in the world would do incalculable damage to aviation in Nigeria. IATA’s Regional Vice President Africa & Middle East, Kamil Al-Awadhi at a media presentation with African journalists…

Nigeria inks BASA with Kuwait

Posted on December 5, 2023December 5, 2023 by Wole Shadare

The Federal Government of Nigeria, represented by the Minister of Aviation and Aerospace Development, Festus Keyamo has inked a significant Bilateral Air Services Agreement (BASA) with the State of Kuwait. The historic accord was formalized during the ongoing COP28 in Dubai, reflecting a commitment to fostering international cooperation in the realm of aviation. The signing ceremony took place on Tuesday in Riyadh, Saudi Arabia, symbolizing the collaborative spirit between the two nations. The agreement marks…

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