Findings have revealed that local airlines, charter operators and privately owned jets n Nigeria spend about N250 billion yearly on aircraft maintenance and training of pilots. According the investigation, airline operators pay a minimum of $500, 000 for engine overhaul and about the same amount of money for C-Check maintenance on a Boeing 737 aircraft. An inspector […]
The Ministry of Aviation has alleged that the debts owed to the aviation agencies by local airlines in Nigeria have leaped to about N100 billion. It was learnt that these debts are owed to the Federal Airports Authority of Nigeria, FAAN, the Nigerian Airspace Management Agency (NAMA) and the Nigerian Civil Aviation Authority (NCAA). The debts range […]
The Federal Government through the efforts of local shippers, is expected to save N5.4 billion monthly from the 1.8 billion litres of petroleum products imported into the country. This will however be made possible if Nigerian crewed and owned vessels are allowed exclusively to conduct the lighterage. President of Nigerian Ship owners Association, NISA, Olaniyi […]
Stakeholders in Nigeria's Aviation Industry, have called for regulation to compel existing airlines to merge and seek listing for bigger capitalization from the Nigerian Stock Exchange (NSE). According to them, these moves will ease awa the threat of an mminent collapse of the nation’s aviation industry. At a press conference held in Lagos recently, stakeholders including travel […]
