Aviation

IATA reports demand increased only 2 percent in September

  September traffic data from the International Air Transport Association (IATA) shows a sluggish 2 percent year-over-year growth in demand, measured in freight tonne kilometers (FTKs) – less than half of the five-year average growth rate of 5.1 percent. The report

Med-View Airline Restructures, Sacks 60 Workers

Nigerian domestic carrier, Med-View Airline, has sacked about 60 members of its staff comprising pilots, engineers and crew members. The workers were said to have been served the termination letters on October 5, with a clause that they would be reconsidered for

Aviation unions ground activities at Lagos Airport

The Air Transport Services Senior Staff Association of Nigeria, the National Union of Air Transport Employees and the National Association of Aircraft Pilots and Engineers on Wednesday left hundreds of passengers stranded as they picketed the Murtala Muhammed Airport Terminal

Boeing CEO Says Air-Taxi Prototype Will Be Ready for Takeoff Next Year

  ‘You’re going to see rapid progress here,’ Muilenburg says  Company is also working with regulators on air-traffic system   Boeing Co. says the age of air taxis is getting closer. A prototype will be in the air next year, Chief Executive

Primera Air: Passengers stranded as airline collapses

  A budget airline that began offering long-haul flights from UK airports earlier this year, including Stansted to the US, has collapsed. Primera Air said it was ceasing all operations at midnight on Monday after 14 years of operations. Flights to Washington and

Osaka International airport Closed due to Typhoon Jebi

Vehicles damaged by Typhoon Jebi are seen in Osaka, Japan, on Sept 4, 2018.PHOTO: KYODO VIA REUTERS   SIA cancels Singapore-Osaka flights after airport closure due to Typhoon Jebi. Japan's Kansai airport to reopen partially after typhoon damage Singapore Airlines (SIA) has

Bayelsa airport ready, SAHCOL inspects facility

The long-awaited Bayelsa State International Cargo Airport is ready, the Managing Director, Bayelsa Airlines, Capt. Henry Ungbuku has said. Ungbuku, who is also the Special Adviser to Governor Seriake Dickson on Aviation, stated this on Wednesday during the visit to the

Ethiopian launches first African freighter service to Miami

Ethiopian-777 freighter. Ethiopian Airlines Wednesday launched the first of two weekly freighter flights between Addis Ababa and Miami creating the first-ever cargo-only route between the African continent and Miami International Airport (MIA). The scheduled flights will operate on a route that includes

United Airlines eyes business travellers as it boosts European flights in 2019

United Airlines on Thursday will announce three new daily routes to Europe as the third-largest U.S. carrier eyes higher-paying business travelers on transatlantic flights. The increase in transatlantic capacity comes as part of a broader company strategy that includes growing the margin-rich

Kenya Airways Half-Year Losses Contract to Sh4 Billion

Kenya Airways narrowed its net losses by 28.8 per cent to Sh4 billion in the half year ended June on the back of cost-cutting measures and revenue growth. KQ, as the airline is known by its international code, made a net

Nigeria Now Offers Air Accident Investigation Services to African Countries – Minister

SAA taxiway accident The Accident Investigations Bureau (AIB) is now offering air accident services to some African countries, the Minister of State, Aviation, Sen. Hadi Sirika, has said. Sen. Sirika disclosed this yesterday in Abuja at the opening of the Four-Day Workshop

How Ethiopian Airlines Rose to the Top in Africa

  The airline is fully owned by the government of Ethiopia. State backing is a prerequisite for a major national enterprise with long-term goals, such as an airline. Note, however, that we do not get any funding or subsidies from the

Two United Airlines planes collide on the ground at Chicago O’Hare Airport

The collision happened on the ground at Chicago's O'Hare International Airport during the evening of August 15.  (ORD Insider)   Two United Airlines planes collided on the airfield at Chicago’s O’Hare International Airport on Wednesday afternoon, but thankfully no injuries were reported. Around

Ethiopian Airlines shows cargo volume growth in Q2

Ethiopian Airlines has released its results for the period ended on June 30, which shows an 18 percent increase in cargo volume to 400,339 tonnes, compared to the same period last year. The airline has added eight new destinations to its

Air Peace plans mini-hubs in Kaduna, others

A domestic airline in Nigeria, Air Peace, has said it is considering opening mini-hubs for its operations in Kaduna, Kano and a few other cities to help decongest the Lagos airport. The airline’s Chairman and Chief Executive Officer of Air Peace,

Ryanair strike hits 55,000 customers across Europe

Ryanair faced its worst one-day strike on Friday after a walk-out by pilots in five European countries disrupted the plans of an estimated 55,000 travelers with the budget airline at the height of the summer holiday season. Ryanair, which averted widespread strikes

Fraport sells its stake in Hannover Airport

Today, airport operator Fraport has sold its 30 percent stake in Flughafen Hannover-Langenhagen (FHLG), the operating company of Hannover Airport, to iCON Infrastructure Group for €109.2 million. Fraport had initially acquired a 20 percent stake in FHLG 1998, followed by another

IATA: Passenger Growth, Economic Boost Incentives for Investing in Aviation

The International Air Transport Association (IATA) and the African Development Bank (AfDB) have projected that Africa would be a market of 350 million airline passengers by 2035. This prediction, according to the association was an incentive for investors to go into commercial airline

Lufthansa reports robust growth in Q2 financial report

Yesterday, Germany-based Lufthansa reported solid results for its logistics division for 1H 2018, with earnings before interest and taxes (EBIT) up 48 percent year-over-year to €125 million, from €84 million on revenues that were up 12.3 percent to €1.3 billion. The

USA’s TSA will install 40 luggage CT scanners in airports this year

  The technology gives agents clearer views of luggage contents.   The TSA has been using CT scanners to screen airline passengers' luggage since last year -- early tests of the technology have been taking place in Phoenix's Sky Harbor International Airport and Boston's Logan International Airport.

Nigerian Public servants to be compelled by Govt fly Nigerian carriers for all official trips

Abuja - Nigeria's Minister of State for Aviation, Hadi Sirika, on Tuesday announced that the government has commenced moves that would compel any public servant travelling on a ticket bought with public funds to travel on a Nigerian carrier. According to

Air Peace scales IOSA renewal hurdle, pledges to sustain safety standards

Nigerian carrier, Air Peace, has again passed the International Air Transport Association Operational Safety Audit (IOSA), pledging to sustain the high standards of its flight operations. The airline made the announcement in a statement signed by its Corporate Communications Manager, Mr.

Medview Acquires Aircraft for Hajj, London Service

  Ahead of the commencement of 2018 hajj operations and recommencement of its London services, Medview airline recently took delivery of its newly acquired B777-200ER to boost its fleet. The Chief Executive Officer of the airline, Alhaji Muneer Bankole made this known

Rwandair’s Flights to Guangzhou to Ease Africa – China Trade

Rwanda's national carrier is eager to launch another of its long-haul routes in the mid-year, as a measure to cut across the continent and spur the development of businesses. RwandAir is looking forward to launching flights to Guangzhou, China in

Brazil’s Rio Galeão Airport sees major growth in first half of 2018

Brazilian hub Rio de Janeiro-Galeão International Airport (GIG) has reported a 41 percent increase in its cargo handle to 46,500 tonnes for the first half of 2018, compared to the same period last year, as economies in Latin America begin

SAA Chartered Plane Will Still Fly to Cuba, but Won’t Be Carrying Weapons

South African Airways (SAA) has said the charter flight which was meant to transport Cuban technicians back to the Caribbean island last week will still take place this week. The plane was stopped by customs officials last week at the Waterkloof

Nigeria Unveils Name, Logo of New National Flag Carrier as Airlines, Experts Raise Concern Over Competition

  The national airline is named Nigeria Air. The unveiling was done at Farnborough Air Show in London. The Nigerian government last week unveiled the name and logo of its new national flag carrier, Nigeria Air at Farnborough Air Show in London. The

Ryanair cancels 24 flights due to strike by Irish pilots

The airline warned it will cancel more flights next week if Irish pilots strike for a third day over pay and conditions.   Low-cost airline Ryanair has cancelled 24 flights after a quarter of its Irish pilots went on strike. The flights

Airbus Forecasts $4.6tn Global Market for Commercial Aircraft

Airbus’ new Global Services Forecast has predicted $4.6 trillion worldwide market for commercial aircraft services from 2018 to 2037. Major aircraft manufacturing company said the new analysis was based on a three-way market segmentation, respectively focusing on the aircraft, the airline

Swaziland King’s Airport Fails to Attract Airlines

Swaziland's King Mswati III airport dubbed a vanity project for the King and a white elephant has failed to attract any new airlines in the four years since it opened, the kingdom's civil aviation authority has admitted. This was despite continued

Management

Panalpina reports Q3 contractions, anticipates further challenges

Swiss forwarder Panalpina’s third-quarter financial results show the company is being affected by “macroeconomic uncertainties,” CEO Stefan Karlen said. Its cross-segment profit during the quarter declined by about 19 percent to US$14.9 million, compared to US$18.5 million during the same period

Med-View Airline Restructures, Sacks 60 Workers

Aviation unions ground activities at Lagos Airport

Didi suspends carpool service in China after rape and killing of passenger

Clock Is Ticking for FedEx’s Board as Founder Nears Age Limit

How FedEx employee No. 3,531 went from sweeping floors to running Freight

USA’s TSA will install 40 luggage CT scanners in airports this year

SAA Chartered Plane Will Still Fly to Cuba, but Won’t Be Carrying Weapons

Ryanair cancels 24 flights due to strike by Irish pilots

UPS, Teamsters reach five-year Freight labour pact

Passengers Say Spirit Airlines Left Them Stranded in ‘Trip from Hell’

TSA-Approved ways to shorten the airport screening line

FedEx FY18 earnings soar on tax cuts

Nigeria Tightens Airport Security Amidst Fears of Isis Attacks

New US. Auto tariffs would raise prices, cost jobs – Experts

Rolls-Royce cuts 4,600 jobs at ‘pivotal moment’ for business

U.S. imposes long-awaited advance screening rules for inbound air cargo

UPS Teamsters ready to strike as contract end looms

Ethiopian Airlines Marks 100th Aircraft in Active Service

Freight train robberies on the rise in Mexico

Industries

Ghana in Talks With Volkswagen Over Plans to Assemble Vehicles

Reprieve as Kenyan Parliament Suspends 16% VAT on Fuel

Nairobi - Parliament on Wednesday afternoon voted to suspend by two more years the introduction of 16% tax on petroleum products that was to come into effect on Saturday September 1, 2018. The move effectively shielded poor household from a spike

South Africa’s Fuel Price Meeting Blames Petrol Cost Hikes on Exchange Rates, Venezuela Instability

Cape Town - Energy Minister Jeff Radebe has presented several reasons why South Africans have to pay more at the pumps during an Energy Portfolio Committee meeting. The session comes a week after it was scheduled to be held, the

Ryanair cancels 24 flights due to strike by Irish pilots

The airline warned it will cancel more flights next week if Irish pilots strike for a third day over pay and conditions.   Low-cost airline Ryanair has cancelled 24 flights after a quarter of its Irish pilots went on strike. The flights

Boeing strikes aircraft deal with Brazil’s Embraer

The two aircraft makers have been discussing for months a transaction in which a new company.   Boeing has agreed on a deal that will give it control of Embraer's commercial jet business. The proposed joint venture will give the US aerospace giant

GM warns U.S. import tariffs could lead to ‘smaller’ company, fewer jobs

General Motors Co warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to “a smaller GM” with fewer jobs while isolating U.S. businesses from the global market. The Trump administration in May

Fuel Prices to Go Up in Namibia

Mines minister Tom Alweendo has announced a countrywide fuel price increase next Wednesday. The minister said petrol will increase by 20 cents per litre and diesel by 19 cents per litre at all towns supplied from Ondangwa, which was declared

Harley-Davidsons Should “Never” Be Made Abroad – President of the USA

Harley Davidson Fat Bob President Donald Trump has said Harley-Davidsons should "never" be built abroad, as he attacked the firm's plans to move some production overseas to avoid European tariffs. Mr. Trump said the iconic bike brand's new Thailand plant marked a

U.S. June auto sales seen up 2.5 percent: J.D. Power and LMC

FILE PHOTO: New cars are shown for sale at a Chevrolet dealership in National City, California, U.S. on June 30, 2017. REUTERS/Mike Blake/File Photo U.S. auto sales in June likely rose 2.5 percent from the same month in 2017 as consumers

India’s plan to sell national airline to a private buyer for $12 billion risk flop

  India's government was hoping to raise billions selling the national airline to a private buyer. Now it's likely to have to spend billions instead to keep it flying after being forced to shelve the sale. The effort to sell state-owned Air

Egypt increases fuel prices, as part of austerity measures

Egypt announced Saturday steep increases in fuel and cooking gas prices as part of the country’s economic reforms and austerity measures designed to overhaul the country’s ailing economy. The new prices went into effect Saturday morning, the Ministry of Oil said

FedEx calls U.S. tariffs on Chinese goods ‘counterproductive’

A package of the FedEx courier delivery services company is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration   Global delivery company FedEx Corp said on Friday that U.S. tariffs on Chinese goods will raise prices for American businesses and consumers

Nigerians Buying Petrol at 41.3% Less of Actual Cost – Government

The actual price of Premium Motor Spirit, PMS, also known as petrol, climbed to N205 per litre, according to documents obtained from the Petroleum Products Pricing Regulatory Agency (PPPRA), Vanguard newspaper reported According to the documents from the PPPRA, the price

Peugeot’s Nigeria assembly plant Starts 2019

Peugeot 3008 SUV PSA Peugeot Citroen has revealed plans to start assembling cars in Nigeria by the first quarter of 2019 through a joint venture with the Chairman of the Dangote Group, Aliko Dangote, and five state governments. An adviser to the

Shipowners lament inability to access $2bn CVFF

Lagos - Local operators in the shipping industry have decried the inability to assess the Cabotage Vessel Financing Fund, which they say must have risen to over $2bn. The CVFF is derived from two percent of the contracts awarded under the

Protests worldwide against US idea of auto import tariff

Beijing (AP) - China, Japan and the European Union condemned Thursday the Trump administration’s decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States. President Donald Trump invoked a provision

U.S. diesel fuel prices highest since 2015

U.S. diesel fuel prices highest since 2015 The average price for a gallon of on-highway diesel fuel hits $3.104, with prices the highest in California, according to the U.S. Energy Information Administration.   The average price for a gallon of on-highway diesel in

How petrol was Sold to Nigerians at N163 per litre in March – NBS

... as CBN blame high prices of petroleum products on the absence of efficient refineries in the country. The National Bureau of Statistics on Wednesday released the Premium Motor Spirit (petrol) price watch for the month of March, which showed how the

Trade dispute escalates as Trump threatens China with $100 billion more in tariffs, China says will fight back ‘at any cost’

Shipping containers are being loaded onto Xin Da Yang Zhou ship from Shanghai, China at Pier J at the Port of Long Beach in Long Beach, Cali   China warns it would fight back “at any cost” President Donald Trump on Thursday directed U.S.

U.S.-China trade war could hit German automakers, plus Tesla, Ford

2019 Mercedes-Benz G Class Escalating trade tensions between the United States and China may dent production of German luxury SUVs made in the U.S. South and sent to China, with exports from electric vehicle maker Tesla Inc. and Ford Motor Co. also vulnerable. If

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