Airline operators and other players in the aviation industry are faced with and why the capital-intensive business yields very low profit margins Regulated by the International Civil Aviation Organisation (ICAO), the aviation industry adheres to international standards in every aspect of its operations, and countries domesticate the regulation in tandem with their own peculiarities. Nigeria […]
Aviation experts have identified poor legislation, unpredictability of the cost of airline operation and underutilization of equipment as some of the factors that are retarding growth of the aviation industry in Nigeria. In their presentations during a webinar on, “Repositioning the Aviation Sector for Revenue Generation and Growth: The Role of Legislation,” the experts brainstormed […]
Aviation industry stakeholders have identified multiple taxes, high operating cost and charges levelled against the airlines by aviation agencies, as the factors responsible for the hike in domestic flights. According to the stakeholders, airfares on domestic flight service have been on the increase in response to cost of operation, thus making it difficult for some […]
The Nigeria Civil Aviation Authority (NCAA) said it would sanction airlines and other aviation organisations that violated the Nigerian Civil Aviation Regulations (Nig. CARs) 2022 on insurance cover for their equipment. Aircraft insurance is compulsory for airlines and according to international regulation, any aircraft that is not fully covered by insurance will never be allowed to fly. A statement signed […]
Despite the huge resources invested in airline business, airport development and airspace management, the aviation industry has witnessed stunted growth over the years, a development industry experts contended, lives much to be desired. The experts attributed the snail pace growth of the aviation industry to many factors, which include poor return on investment, lope-sided competition […]
