The spokesman of Airline Operators of Nigeria (AON) and the Chairman of United Nigeria Airlines, Professor Obiora Okonkwo has called on the federal government to offer N250 billion soft loan to domestic airlines as part of ways to cushion the effect of fuel subsidy removal on the aviation sector. Speaking recently in Lagos at the […]
Air travellers across Nigeria have decried the high fares being charged by airlines for domestic flights despite the massive decline in the cost of aviation fuel. Airlines still charge as high as N60,000 for one-way ticket for domestic flights in Nigeria, despite the decline in the cost of aviation fuel from over N900 per litre […]
The International Air Transport Association (IATA) has confirmed that foreign airlines revenue not yet repatriated from Nigeria has risen to $812.2 million. This was disclosed by the IATA Regional Vice-President, Africa and Middle East, Kamil Al- Awadhi at the on-going 79th AGM and World Air Transport Summit in Istanbul, Turkey. He warned that rapidly rising levels of […]
The International Air Transport Association (IATA) has upgraded its outlook in 2023 and expressed hope there would be strengthening of airline industry profitability in the year, disclosing that airline industry net profits are expected to reach $9.8 billion in 2023 (1.2% net profit margin) which is more than double the previous forecast of $4.7 billion (December 2022). The […]
Former Special Assistant to The President on Aviation Matters and Managing Director, Afri-Air International Limited, Capt. Shehu Iyal has said that there is need for efforts to ensure that players in Nigeria’s aviation industry survive the existing economic challenges while working on sustainability of the industry in the future. Speaking in an interview on the […]
