Page 195 – Aviation Media Africa | Online Magazine for Aviation,Travel,Tourism.

IATA Confirms Foreign Airlines Trapped Revenue in Nigeria has Risen to $812mn, Expresses Hope New Govt will Fully Repatriate Funds

Aviation Media
June 9, 2023
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The International Air Transport Association (IATA) has confirmed that foreign airlines revenue not yet repatriated from Nigeria has risen to $812.2 million. This was disclosed by the IATA Regional Vice-President, Africa and Middle East, Kamil Al- Awadhi at the on-going 79th AGM and World Air Transport Summit in Istanbul, Turkey. He warned that rapidly rising levels of […]

Aviation

Cost of Airline Business in Africa Highest in the World, Says IATA

Aviation Media
June 9, 2023
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The Chair of the International Air Transport Association (IATA) Board of Governors (BoG) who is also the CEO of Rwand Air, Yvonne Manzi Makolo said that the cost of running airline in Africa is highest in the world due to high taxes, high price of aviation fuel, high insurance premium, high cost of spares and […]

Aviation

IATA Expresses Optimism on Strengthening of Airline Profitability in 2023

Aviation Media
June 9, 2023
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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 […]

Aviation

Cally Air, Cross River Carrier Allegedly Runs Aground over Ownership Tussle

Aviation Media
May 29, 2023
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Cross River state owned Cally Air, may become the first source of conflict between the outgoing governor, Prof. Ben Ayade and the in-coming governor, Bassey Ottu, as the later stood in the way of the plan to concession the airline to a private company. Cally Air was wholly owned by the Cross River state government […]

Aviation

NAMA to Deploy Surface Movement Radar, Ground Control System

Aviation Media
May 28, 2023
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Preparatory to its full deployment in a few days time, the Nigerian Airspace Management Agency (NAMA) has announced that it has successfully conducted the site acceptance test for its newly installed surface movement radar and ground control systems in Abuja and Lagos airports to enable air traffic controllers to monitor aircraft and vehicular movement during […]