The Federal Airports Authority of Nigeria (FAAN) has said that it adopted cashless policy in order to boost its revenue, facilitate foreign investment, check corruption and to eliminate the encumbering logistics of cash payment and movement. The cashless policy will take effect from May 14 and it would be adopted at the 22 airports managed […]
Recent reports from Arcaid, Architects and Environmental Consultants on behalf of the federal government revealed that the four new terminals at the four major airports in Lagos, Abuja, Port Harcourt and Kano are encumbered by structural defects, thus they would not be put in use in 2018 as earlier planned. The consultants also said that […]
African Development Bank (AfDB) and African Export, Import Bank (Afreximbank) have agreed to raise capital base of about $20 billion for the actualisation of federal government’s plan to establish aircraft leasing company and Maintenance, Repair and Overhaul (MRO) facility. This is in line with the two financial institutions’ objective to support aviation development in Africa […]
Germany’s Lufthansa ordered up to 16 new planes worth 2.1 billion euros (1.84 billion pounds), including up to six Airbus (AIR.PA) A320ceos to make up for delivery shortfalls in a newer version of the jet and four long-haul Boeing (BA.N) 777s. Lufthansa is among airlines hit by delivery delays to the Airbus A320neo, a version […]
The Director General of Airport Council International, World, Angela Gittens, who spoke at the ACI Africa Conference in Lagos, reasons that Nigeria does not need a national carrier because it has all the criteria to create a competitive and more efficient airline industry. Excerpts: The International Air Transport Association (IATA) Director General is circumspect about airport […]
