Africa: Why Nigerian aviation remains at infancy for 91 years with Collapse of over 100 Airlines

Why Nigerian aviation remains at infancy for 91 years with Collapse of over 100 Airlines As the air travel sector closes in on its centenary, WOLE OYEBADE, in this report, examines its growth rate and why it is sleepwalking. Bimpe Adesanya has lived in England all her life. A nurse by profession, but her over three decades in the UK […]

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Aviation: Airline Association explains why Lloyds Insurers wants to blacklist Nigeria

Specialist insurance market, Lloyd’s of London, has issued a warning to Nigerian airline operators that it may be forced to blacklist or downgrade them over their continued failure to fulfill their obligations of paying premiums regularly. This was made known by Lloyd’s representatives who visited Nigeria recently. According to the representatives, the Nigerian market is a high-risk market, the volume […]

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Africa: CBN Approves Special FX Window for Airline Operators, Manufacturers

The Central Bank of Nigeria (CBN), Friday approved a Special Secondary Market Intervention Retail Sales (SMIS) forex window for domestic airline operators and manufacturers to stimulate ease of doing business in the sectors. The Minister of State for Aviation, Mr. Hadi Sirika, said the important one-off-stop-shop would fast track easy clearance of the backlog of matured Foreign Exchange (FX) obligations. […]

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Africa: Only 43 per cent of Nigeria’s aviation budget released so far

airlines

With only one month to go in 2017, only 43 per cent of the aviation budget for the year has been released, an official said. The Minister of State for Aviation, Hadi Sirika, said this on Thursday in Abuja when the Senate Committee on Aviation visited the ministry on oversight function. The budget performance of the aviation sector currently stands […]

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Aviation: Emirates present 3 reasons why they stopped Abuja flight to the Nigerian Minister

emirates UAE carriers Heathrow

Nigeria’s Ministry of Aviation is asking foreign airlines in the process of downgrading or suspending their operations to reconsider their plans and decisions. The Ministry is assuring them that the challenges currently besetting the industry and other sectors would soon become things of the past. The Minister of State for Aviation, Senator Hadi Sirika, made the appeal on Wednesday when […]

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Aviation: How 45 Airlines Collapsed in Nigeria and why more will follow

By Anthony Awunor No fewer than 45 domestic airlines have shut down operations in Nigeria in the last 35 years, investigations by LEADERSHIP have revealed. The effect of the negative trend is evident in the number of industry professionals who have either lost their jobs or remained unemployed after many years of qualification. Investigation by LEADERSHIP revealed that no fewer […]

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Africa: Nigeria Airline Air Peace grows fleet, plans international Route

peace

Air Peace’s plan to cover more local routes and operate international flights has received a huge boost with the delivery of the new aircraft it recently acquired. Chairman/Chief Executive Officer of the airline,Chief Allen Onyema told reporters in Lagos that the airline embarked on the acquisition of more aircraft to service its local market and the international routes recently approved […]

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African Aviation: Aviation Security Should Be Part of the National Security Infrastructure- Olowo

Sabre aviation

President/Chief Executive of Sabre Network West Africa and current President of the Aviation Round Table, Gbenga Olowo is of the opinion that aviation security should become part of the national security infrastructure. He also spoke on other contentious issues in the sector. Chinedu Eze presents the excerpts: Looking at the controversy that trailed the last concession that was done in […]

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African Aviation: West African Hub in Nigeria can generate14% GDP says Airlines Chiefs

Nigerian aviation industry can contribute 14 percent to the nation’s gross domestic product (GDP) and create 100,000 direct and 100,000 indirect jobs between now and 2019 instead of the 0.4 percent contribution it is making currently, if the government makes Nigeria aviation hub in West Africa. Also, for the industry to make a leap, the Federal Government must quickly unveil […]

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IATA: Nigeria Aviation taxes are too high as $575m Airlines funds trapped

passengers

The International Air Transport Association said that funds belonging to foreign airlines, which had been trapped in the country due to the Federal Government’s policy on foreign exchange, stood at $575m (N113.28bn) as of March this year. The association also bemoaned the high taxes imposed on air travellers in Africa, with Nigeria identified as one of the countries where the […]

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