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 […]
Nigeria has recorded a big achievement in the aviation industry, as Aviation Working Group (AWG) has removed the country from the watchlist and increased its rating to 75.5 per cent. This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, in Lagos yesterday during the commissioning of Juhi-2 aviation fuel depot at […]
Aviation insurance experts have said that the sub-sector produced the highest value and high-profile claims across the global corporate insurance business line in the past five years, precisely between 2019 and 2024. The aviation insurance experts’ analysis of more than 32,000 industry claims from 2019 – 2024 with a total value of $15billion (€14billion), showed that collision or […]
The Nigeria Civil Aviation Authority (NCAA) has confirmed that Nigeria’s airspace is safe, thus aligning with the claim made earlier by the Nigerian Airspace Management Agency (NAMA). NAMA had confirmed the safety of the airspace and explained that every part of Nigeria’s airspace is captured by the Total Radar Coverage of Nigeria (TRACON). NCAA in […]
The Managing Director/Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kuku, has intervened to resolve the dispute on the Boeing 737-NG full flight fire simulator acquired in 2019 by the federal government and installed at the Nigerian College of Aviation Technology (NCAT). Rising from a meeting held in the MD/CE’s Boardroom […]
