FAAN parleys contractors, DMBs on project financing options

The Federal Airports Authority of Nigeria (FAAN) on Tuesday engaged its contractors and commercial banks on a collaborative parley with a view to exploring the best financing options, especially for Small and Medium Enterprises, handling its capital projects. Speaking at the event in Lagos, the authority’s Managing Director, Engr. Saleh Dunoma, was quoted in a […]

Air Peace clarifies delay in international routes operations

Air Peace, one of the nation’s commercial airlines, at the weekend explained that it was yet to embark on its international long-haul operations because it has not secured approvals for flight service from the countries of its planned destinations. It would be recalled that the Federal Government recently designated Air Peace to fly to London, […]

BPE facilitates SAHCO’s maiden IPO, assures investors on benefits

The Bureau of Public Enterprises (BPE) has facilitated the first Initial Public Offer (IPO) in four years with the planned public offering of Skyway Aviation Handling Company (SAHCO) Plc for the sale of 406,074,000 ordinary shares. The public offer will open next Monday, November 12 and close on Wednesday, December 19, 2018. A statement by […]

IATA forecasts 50% growth in air passengers’ traffic

The International Air Transport Association (IATA) has projected that present trend in air transport suggests that passengers’ traffic could double to 8.2 billion by 2037. Specifically, the global air transport association’s forecast anticipates a 3.5 per cent compound annual growth rate (CAGR), thereby leading to a doubling in the volume of air travellers from today’s […]

Arik Air resumes Warri flights as NAMA opens airport

Arik Air, one of the nation’s commercial airlines, on Thursday announced that it would resume flight operations to Osubi Airport, Warri, as from Friday following the reopening of the airport by the Nigerian Airspace Management Agency (NAMA). The airline’s Chief Executive Officer, Capt. Roy Ilegbodu, stated that the carrier would operate two flights daily from […]

Buhari blames past govts on poor airports’ facilities

President Muhammadu Buhari on Thursday blamed past governments for the near-neglect of the nation’s airports’ infrastructue, lamenting that they did little to increase passenger handling capacity or airport terminals since early 1980s. The President expressed this view in his remarks at the inauguration of the Port Harcourt International Airport new terminal in Omagwa, Rivers State. […]

Air Peace acquires 5th Embraer 145, opens Sokoto, Katsina routes

Air Peace has taken delivery of its fifth Embraer 145 to facilitate its plan to re-launch flights on Sokoto and open Katsina routes. The carrier, which had earlier received four of the six 50-seater Embraer 145 aircraft, stated that with the latest investment on the aircraft, its goal of extending air transportation to unserved and […]

Airline operators urged to invest in newer aircraft

Aviation experts have asked airline operators to invest more in new aircraft in order to reduce their operational costs. They noted that one of the problems of the country’s aviation industry was the use of the wrong type of aircraft for domestic operations. A former Managing Director of the defunct Virgin Nigeria, Capt Dapo Olumide, […]

Air Peace resumes Asaba route, assures passengers exciting experience

Air Peace has resumed its Lagos-Asaba-Lagos operations with the addition of Abuja-Asaba-Abuja to the service, promising to offer air travellers on the route world class services. The airline had pulled out of the route more than two years ago due to safety concerns over the Asaba airport runway. Speaking shortly after the re-launched flight touched […]

Aviation unions intensify industrial protest at MMA2

Aviation sector labour leaders on Thursday continued their protest against alleged illegal sack of 24 workers by the management of Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport 2 (MMA2) Lagos for expressing their interest to join labour unions. As a result of the industrial action, all commercial airlines’ operations at the […]