Aviation

IATA Expresses Optimism on Strengthening of Airline Profitability in 2023

The International Air Transport Association (IATA) has upgraded its outlook in 2023 and expressed hope there would be strengthening of airline industry profitability in the year, disclosing that airline industry net profits are expected to reach $9.8 billion in 2023 (1.2% net profit margin) which is more than double the previous forecast of $4.7 billion (December 2022). The […]

Sirika Aviation

Despite Several Moves to Defend His Action, Criticisms Trail Aviation Minister’s Last Minute Appointments

Players in the aviation industry have excoriated the last minute appointments of the Minister of Aviation, Senator Hadi Sirika, for removing top aviation agency functionaries and replacing them with others. While many who criticised his action said he failed to follow due process, they also said he should have allowed the in-coming government to appoint […]