The International Air Transport Association (IATA) has declared that Nigeria’s air transport sector has contributed $8.2 billion to the economy of the country while supporting over 650, 800 jobs. The aviation world body’s Regional Vice President for the Middle East and Africa, Muhammad Ali Albakri, who last week led a delegation
Tag: Aviation
Why Domestic, International air travels are declining
According to an analysis of top 10 international airports in Africa by ForwardKeys, in the coming five months from August to December 2017, there will be 16 per cent fewer airline seats on domestic routes and 9 per cent fewer seats on international routes to and from Lagos. Domestic and international
How Nigerian Airlines Spend N50bn Yearly Overseas on Aircraft Maintenance
The low value of the naira according to a THISDAY newspaper report has increased the cost of overseas aircraft maintenance to over N50 billion annually, Nigerian airline operators have said. They noted that the cost would have been higher if many of the airlines did not shut down their operations in
Why Africa should invest in airport infrastructure, by IATA
The International Air Transport Association (IATA) has advised African governments to invest in airport infrastructure. Such investment, IATA said, would ensure improvement in air safety. IATA's Regional Vice President, Africa and the Middle East, Muhammad Ali Albakri, made this known in an interview with The Nation at the weekend in Lagos. Besides, focusing on airport
Heathow reports July 2017 its busiest ever month
...the airport reported a jump in cargo ...criticised for offering 'poor' assistance to disabled travellers by the Civil Aviation Authority LONDON – Heathrow had its busiest ever month in July, driven by a jump in the volume of cargo and a smaller rise in passenger numbers, but has been criticised as offering
How Nigeria’s air passenger volume will grow by 7% annually
The volume of air passengers in Nigeria is expected to increase by seven per cent annually over the next 10 years. The Regional Vice-President for the Middle East and Africa, International Air Transport Association, Muhammad Ali Albakri, who stated this, said the growth would see an additional 7.9 million passengers take
Air fares jump 6% on dollar adjustment
International airlines and travel agents operating in Nigeria are increasing the prices of tickets to locations such as Europe, the United States of America and the Middle East after the reference Naira/USD rate was moved Tuesday to N325. International travel cost rose by six percent after adjustment of the reference dollar
Ease of doing business
Executive Order And New Trends In Abuja, Lagos Airports The executive order issued recently by the presidency to engender ease of doing business in the country seems to be the shot-in-the-arm the Federal Airports Authority of Nigeria, FAAN has been waiting for to up its game in Abuja and Lagos international
South African Airlines recorded losses in 7 consecutive years, on the brink of bankruptcy
...airline urgently shopping for bailout of about $60 million ...unions allege institutional corruption South African Airways (SAA) has run out of money and is teetering on the edge of bankruptcy, according to information given to the country's parliament. It is thought the national carrier may soon be unable to pay salaries. The cash-flow
Boeing Forecasts 41,030 new aircraft deliveries
Boeing has revised upwards its market forecast for aircraft deliveries over the next 20 years, with the rise of low-cost carriers (LCC) and emerging markets fuelling demand for passenger travel and cargo volumes. The Boeing Current Market Outlook (CMO) for 2017-2036 said 41,030 aircraft would be delivered over the next two