The International Air Transport Association (IATA) has said that African nations can grow $80 billion annually in their GDP, create 6.9 million jobs and airlift 69.8 million passengers if the nations open their airspace to enhance free movement from one country to another in the continent. It also said Nigeria can generate […]
Chinedu Eze writes that efficient and profitable airlines will galvanise growth and development in aviation and other sectors of the economy. This he posits can only happen if the Minister of Transportation, Chibuike Amaechi, advocates policies to make indigenous airlines profitable. During his recent tour of aviation agencies in Lagos, the Minister […]
With only five out of 13 aircraft still in operation and paucity of funds for its operation, Aero Contractors, one of the shining stars of Nigeria’s indigenous carriers with so much promise is now moribund. The airline, which has operated for over 10 years in Nigeria, was a beckon of hope in the […]
Foreign airlines that operate into Nigeria can sell tickets in Naira and repatriate in their own currencies following the lifting of ban stopping commercial banks from accepting cash deposits of foreign exchange from customers. The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, who announced the decision in Abuja on Monday, said the […]
Airbus indicated a change in priorities as its sales chief John Leahy hinted at a possible decision this year to challenge Boeing in the 400 seat market while pushing talk of a revamped A380 to the middle of next decade. John Leahy told Reuters news agency any decision to launch a bigger A350 would […]
