The International Air Transport Association (IATA) released February 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels with demand up 9 per cent over February 2019. Global demand, measured in cargo tonne-kilometers, was up 9per cent compared to February 2019 and +1.5per cent compared to January 2021. All […]

Olateru Identifies Tools Needed To Aid AIB’s Investigation Mandate The Commissioner and Chief Executive Officer of the Accident Investigation Bureau Nigeria (AIB-N), Mr Akin Olateru has emphasised maximum cooperation, diligence, conscientiousness and professionalism as the essential tools needed to achieve the Bureau’s mandate of investigating aircraft accidents and serious incidents. Olateru made the declaration while

There is palpable fear in the Nigerian aviation industry that Jet A1, otherwise known as aviation fuel, may be contaminated by independent fuel marketers following the hike in the price of the product to N275 per litre from N220 a few weeks ago. Domestic air travelers may be compelled to pay more for air tickets as

The Asset Management Corporation of Nigeria (AMCON) is floating a Holding Company (HoldCo) structure that will enable it warehouse and sell aviation assets for strategic exit from the sector. A top executive of the company said yesterday that the corporation has applied for Air Operating License (AOL) that would enable it commence the HoldCo structure

SECURITY around the nation’s airports will be heightened following an alert from the ministry of aviation over planned attacks on airports across the country including Kaduna, Maiduguri, Sokoto, Kano, Abuja, and Lagos. A memo dated April 9, 2021 signed by Federal Airports Authority of Nigeria (FAAN) deputy general manager of administration and logistics, S.M. Mamman

Unrepatriated funds of foreign airlines in Nigeria and 16 other African countries have been estimated at $601 million. The stuck fund is proceeds of ticket sales made in local currency but blocked due to the non-availability of foreign exchange to recoup it. The International Air Transport Association (IATA) disclosed as it appealed to African governments

President Joe Biden’s administration is doubling down on its stance that a vaccine passport should come from the private sector. At a briefing today, White House Senior Advisor for COVID Response, Andy Slavitt, indicated that the government would develop guidelines for the private sector but stay out of the actual development of a vaccine passport.

• Aero, Ibom, others missed out of released N5 billion• Reps to probe disbursement  The proposed N27 billion intervention fund earmarked for the aviation sector is causing a row in the industry. While stakeholders expressed displeasure over the release of only N5 billion out of the N27 billion, some operating carriers complained of being left

Nigeria Designates Five Airports for Free Trade, Open Sky The Federal Government has designated five international airports to support the implementation of both the African Continental Free Trade Area (AfCFTA) and Single African Air Transport Market (SAATM) agreements. These airports are Murtala Muhammed International Airport (MMIA), Lagos; Nnamdi Azikiwe International Airport (NAIA), Abuja; Mallam Aminu