NIGERIA’S foreign exchange crisis has taken another huge toll on its air travel industry as cost of air fares on some foreign routes have soared following the recent decision by some foreign airlines to relocate their ticketing and sales offices to Ghana. This was as Spanish national carrier, Iberia Airlines would suspend its Lagos-Madrid operation […]
United Kingdom giant carrier, British Airways, has described Nigeria as its biggest market for air transport business. The carrier added that it is investing heavily on new airplanes in Africa and Middle East. Two years ago, the British carrier recorded a revenue of about N30 billion, ranking as the high revenue earner by any foreign […]
Following the controversy that trailed the report that Virgin Atlantic Airways, one of the two British carriers that fly London- Nigeria route, had fired all its Nigerian employees, the airline has reacted. The airline was equally alleged to have sacked its crew members working in its Lagos office. Among its Nigerian workers that were reportedly sacked were […]
A Katsina state ministerial nominee, Senator Hadi Sirika on Wednesday stressed the need for the reintroduction of a national air carrier, saying it would enable Nigeria reciprocate the many bilateral agreements it entered with other nations. Sirika who is a Pilot and being touted to head the Aviation Ministry during his screening at the senate […]
Capt. Josiah Choms (PhD), a leader in the aviation sector and currently serving on the Board of HeliOffshore provides some education on air transportation in general and causes of aircraft accidents in particular, in such a way as to allay fears and restore confidence in a troubled industry. Accidents or serious incidents with passenger or […]
Kenya Airways has received $40 million loan from the Country’s government, as well as a $200 million bridging loan from African Export-Import Bank (Afreximbank) to settle its financial crisis. The money is needed to support Kenya’s national carrier, which has not made a profit in the past three years due to a number of Islamist […]
The total annual revenue of 3 biggest africa carier, Kenya Airways, Ethiopian Airlines and South African Airways amounted to $3 billion in 2014 financial year President of Aviation Round Table, ART, Gbenga Olowo who disclosed this in Lagos, said the revenue was only 35 per cent of the total revenue of the Gulf’s biggest carrier, […]
