The Nigerian Safety Investigation Bureau (NSIB) has announced the recovery of Flight Data Recorder (FDR) and Cockpit Voice Recorder (CVR), commonly referred to as ‘black box’ in the Sikorsky SK76 helicopter, registration 5N BQG, which ditched in the Atlantic Ocean off the coast of Bonny Finima on October 24, 2024, killing eight souls on board. Working in conjunction with the […]
Ethiopian Airlines yesterday operated its first Airbus A350-1000 aircraft from Addis Ababa to Murtala Muhammed International Airport (MMIA), Lagos. Ethiopian Airlines is the first country in Africa to receive the state-of-the-art aircraft, delivered from Airbus major factory in Toulouse, France few days ago amid fanfare. The delivery has deepened the relationship between the successful East […]
The International Air Transport Association (IATA) has announced that it would offer digital currencies in the financial settlement systems it operates for the aviation industry. IATA’s Senior Vice President for Financial Settlement and Distribution Services, Muhammad Albakri, who announced it, said: “Digitalisation impacts many aspects of our daily lives, including the currency we use. With […]
It has been revealed that the major obstacle Nigerian airlines face is funding and how to secure long-term credit facilities at low interest rate. Aside the revelation, banks have been reluctant to fund airlines because of the perceived inability of airlines to effectively service their loans from indigenous banks in the past, coupled with the […]
The depleting number of operating aircraft in Nigeria’s domestic airline industry can be partly traced to the heavy capital outlay needed to acquire aircraft and the inability of local financiers to extend credit facility to the operators, a development that needs urgent attention. Operating airline business is capital intensive because to acquire a brand new […]
