The review of the first halfof 2018 indicates a beckoning hope for the aviation industry in Nigeria as government policies, African Union, regional financial institutions gear up to grow air transport in the continent. The aviation industry showed greater prospects in the first half of 2018, than in the previous years, with African Development Bank […]
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 […]
The President of African Development Bank (AfDB), Dr Akinwumi Adesina has said that high taxes imposed on airlines by government agencies was a major challenge dwarfing the growth and development of air transport in Africa. This according to him,explains why the region loses about 80 percent of its market to foreign airlines. Adesina who spoke […]
The International Air Transport Association (IATA) and the African Development Bank (AfDB) have signed a memorandum of understanding (MoU) to establish a framework for collaboration to boost the aviation sector in Africa. The MoU was signed on the sidelines of the International Civil Aviation Organization World Aviation Forum – Financing the Development of Aviation Infrastructure […]
The International Civil Aviation Organisation (ICAO) has reiterated the need for long-term funding of airport infrastructure in Africa in other to build capacity that would be able to process the increase in air travellers in the continent. This was contained in the communiqué issued on Thursday at the end of ICAO World Aviation Forum (IWAF) […]
