One major challenge faced by Nigerian carriers is capacity, which has to do with how to build up fleet, and increase the number of seats to meet the demand of air travellers at fair price. This became a protracted challenge since 2015 and was continuously exacerbated by high exchange rate, stringent insurance conditions on aircraft […]
The Chief Executive Officer of Mainstream Cargo Limited, Seyi Adewale, in this raises hope that the aviation industry has significantly improved in all indices in the last two years. Excerpt: With the acquisition of more aircraft by airlines and the certainty that more operators will join the market, do you envisage a saturation point where […]
The coronavirus pandemic has had a deleterious effect on the finances of businesses, households and governments. This is because beyond the pandemic, which paralysed businesses and social activities, so much money is being spent by individuals and organisations to prevent the spread of the virus. One of the most affected sectors is the aviation industry, […]
Airline operators have stressed the need for Nigerian banks and other financial institutions to adopt long-term funding model for the sector in order to ensure the survival of indigenous carriers. Some airline operators made the call in an interview with THISDAY, in reaction to a recent statement by the Managing Director and Chief Executive Officer […]
Respite may come in the way of Nigerian carriers as African Export Import Bank (Afreximbank) has concluded plans to support them in acquisition of new aircraft. The regional bank said it would refleet Nigerian airlines in partnership with the Russian Export Centre to provide brand new aircraft for operations in Nigeria and others in Africa. […]
