*Airfares to Nigeria Three-times Higher than What Obtains in Other Countries The International Air Transport Association (IATA) has disclosed that airlines unremitted revenues from Nigeria (known as blocked funds) has risen to $450 million, representing 25 per cent of the total amount of international carriers’ funds held back by central banks of many countries, put […]
Managing Director of the Federal Airports Authority of Nigeria (FAAN), Capt. Rabiu Yadudu Nigeria has disclosed that Nigeria lost $2.5 billion (about N1.25 trillion) on Maintenance Repair Overhaul (MRO) investments to neighbouring countries in 2021 due to lack of functional facility in the country. Nigerian airlines ferry their aircraft for maintenance to countries like Ethiopia, […]
The International Air Transport Association (IATA) has announced that air travel resumed its strong recovery trend in April, despite the war in Ukraine and travel restrictions in China. This was driven primarily by international demand. It stated that total demand for air travel in April 2022 (measured in revenue passenger kilometers or RPKs) was up […]
Aviation is a global industry that has uniform standards in every country and what is unique about the sector is that anyone coming to any country knows the he will met the same aeronautical regulations and similar immigration laws about air travel. It is the uniform regulation that enables airlines to operate to any part […]
As Nigeria Air secures Air Transport Licence, aviation industry stakeholders are eager to know its investors following the federal government’s declaration that it is a private sector driven concern. Many Nigerians are looking forward to having a national carrier. Some out of nostalgia, having worked or experienced the defunct Nigeria Airways Limited and some because […]
