The Managing Director/CEO of Aero Contractors Limited, Captain Ado Sanusi, has exposed the benefits and challenges of dry leasing of aircraft, a long-term lease of aircraft whereby the airline (the lessee) takes charge of the maintenance, insurance, crew management and operation of the aircraft. But the alternative, which is wet lease, the lessor is […]
Akwa Ibom State-owned airline, Ibom Air, has posted an impressive financial performance for the 2024 financial year, reinforcing its track record as the nation’s most preferred carrier and a well-run government business. The performance shows that gross revenue was N96 billion, up by 43 per cent from N67 billion in 2023, while profit before tax […]
•Secures approval from UK authorities for direct Abuja-London Heathrow flight Nigeria’s major carrier Air Peace has taken a radical step to significantly curb flight delays and cancellations in its operations and has placed three aircraft on standby to be deployed whenever any aircraft on duty is interrupted by bird strike, technical problem or other issues […]
Nigeria’s major carrier, Air Peace, has reacted to the advice by the Directed General of the Nigeria Civil Aviation Authority (NCAA), Dr Chris Najomo, urging the airline to reduce its operations to fit the number of aircraft in its fleet to eliminate flight delays and cancellations, saying that such disruptions are prompted by safety concerns. […]
Aviation industry experts and airline operators have again stressed the need for Nigeria to establish an aircraft leasing company in order to put an end to the protracted low capacity that has shut up the cost of air travel in the country. Currently, the average cost of ticket is about N200, 000 for one-way flight […]
