Nigeria loses N110 billion, 500m litres aviation fuel annually to Benin, Ghana

Nigeria loses N110 billion, 500m litres aviation fuel annually to Benin, Ghana

Why aviation fuel price could rise again-Airline chief CITA partners PUMA to bridge supply gap Except aviation fuel marketers improve on their aviation fuel supply chain, the aviation industry would continue to fail in meeting up with over 1 billion litre of Jet A1 needed for the sector annually. At N220 per litre cost, half of that, 500 million litres demands could not be met last year. Consequently, the sector loses over N110 billion to…

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Unlocking Africa’s potential via single air transport market

Unlocking Africa’s potential via single air transport market

The wait is finally over as Nigeria, alongside others, ratify Africa’s Open Skies pact. WOLE SHADARE looks at the huge impact it would have on the continent’s aviation sector. Difficult air connectivity Flying from London to Athens is not generally considered a massive undertaking. It’s a given that the journey will be direct, take three-and-a-half hours, and Europeans will not require a visa. The biggest decision is likely to be which meal to select in-flight….

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Foreign airlines’ ticket sales rise by N200B 

Foreign airlines’ ticket sales rise by N200B 

Why Nigerian carriers can’t compete-NANTA President Despite the tough economic situation in the country last year that affected the purchasing power of many, Nigerians still embraced air travel as ticket sold by foreign airlines in 2017 was more than N200 billion higher than in 2016. In 2017, air travel still recorded ticket sales of N511 b ($1.4) from January to October 2017. The 2016 tickets sold as released by Nigerian Civil Authority (NCAA) put earnings of…

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Airlines’ trapped cash falls to $30m

Airlines’ trapped cash falls to $30m

as CBN releases $145m to carriers    Foreign airlines that had over $600 million funds trapped in Nigeria since two years ago can heave a sigh of relief as only $30 million is left to be offset by the Central Bank of Nigeria (CBN). Last August, the country’s apex bank released $425 million out of $600 million trapped funds, leaving $175 million in the coffers of CBN. And between August 2017 and January 2018, the government released…

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Airbus ends 2017 with orders for 841 jetliners

Airbus ends 2017 with orders for 841 jetliners

  Airbus closed out 2017 with orders in December for 841 jetliners – the highest monthly intake in company history, and delivered 127 aircraft during the month – also marking an all-time high.  The new business at year-end was composed of 828 bookings for Airbus’ best-selling A320 single-aisle family in both its NEO and CEO versions; along with 13 A330s, eight of which will be produced in the A330-900neo configuration, and five A330-200s to be…

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Dana Air Unveils bumper Sponsorship Deal with Heartland FC of Imo State

Dana Air Unveils bumper Sponsorship Deal with Heartland FC of Imo State

The airline partnership between Dana Air and the Imo state Government have started yielding benefits with the recent unveiling of a multi-million naira sponsorship deal with Heartland football club of Owerri Imo state.  The season-long  sponsorship deal which is part of the airlines’ support to the newly-promoted Imo state based team’s 2018 league  campaign,  will see the airline get shirt sleeve branding and lots of other branding opportunities with the club. Speaking at the unveiling…

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New Catering: BA invests multi-million pounds for World Traveller customers

New Catering: BA invests multi-million pounds for World Traveller customers

British Airways has announced a multi-million pound investment in its World Traveller (long-haul economy cabin) catering, introducing an exciting and expanded new menu, which provides more quantity and quality to both meals and great snacking options throughout the flight. Options now include: ·         Pretzels with the welcome drink ·         Four-course meal with starter, entrée, dessert, cheese and biscuits, accompanied by a bread roll and bottle of water ·         Second meal or substantial snack depending on the length of…

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Aero Contractors: From ground zero to glimpse of hope of revival

Aero Contractors: From ground zero to glimpse of hope of revival

Nigeria’s oldest airline, Aero Contractors has had its fair share of crises that almost led to the extinction of the once flourishing airline. Smart moves by the Assets Management Corporation of Nigeria (AMCON), creativity brought to bear by astute airline administrator, Capt. Ado Bayero Sanusi to head the airline culminated in the historic roll out of the successfully conducted B737-500 C-Check in Nigeria. WOLE SHADARE writes that this could be the beginning of the airline’s revival to…

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IATA DG seeks reforms in aviation infrastructure challenges

IATA DG seeks reforms in aviation infrastructure challenges

US, China, Europe’s navigation services struggle with efficiency Pax charges on one-way ticket doubled in decade The Director-General and Chief Executive Officer of International Air Transport Association (IATA), Alexandre de Juniac said there is the need for reform in tackling aviation infrastructure, adding that the sector is headed for infrastructure crisis. In a post on his Blog, he expressed worry that many of the world’s airports are operating at or beyond their design capacity, stressing that…

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Aero’s aircraft repair facilities may save local airlines $20bn

Aero’s aircraft repair facilities may save local airlines $20bn

Aero Contractors completion of a C-Check of one of its B737 aircraft last week could be the beginning of good things for airline operators as the facility could help save Nigerian airlines over $20 billion in offshore maintenance. Managing Director of Aero, Captain Ado Sanusi, said that the aircraft would be rolled out of the hangar this week, stressing that he was satisfied with the capacity that the organisation has built, highlighting plans to build…

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