The International Air Transport Association (IATA) has announced that it would offer digital currencies in the financial settlement systems it operates for the aviation industry. IATA’s Senior Vice President for Financial Settlement and Distribution Services, Muhammad Albakri, who announced it, said: “Digitalisation impacts many aspects of our daily lives, including the currency we use. With […]
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 […]
The Minister of Aviation and Aerospace Development, Festus Keyamo last week encapsulated the federal government’s plan to put the right structures and policies in place to grow the aviation industry with ultimate aim to boost customer satisfaction. There are two key factors that play huge role in air travel. One is the airline and the […]
Dana Air, one of the major airline operators in Nigeria, is currently facing another challenge on how to settle the over 500 workers that it laid off after its operation was suspended in April this year. The Nigeria Civil Aviation Authority (NCAA) suspended the airline, when one of its aircraft over shot the runway on […]
The Minister of Aviation and Aerospace Development, Festus Keyamo, yesterday signed a major memorandum of understanding (MoU) with one of world’s top aircraft manufacturers, Boeing to facilitate the acquisition of modern aircraft by Nigerian carriers. In his verifiable X handle, the Minister disclosed that the MoU was signed in Seattle, Washington, US and the objectives […]
