The International Air Transport Association (IATA) has released data for September 2023 global air cargo markets, showing continuing demand recovery. While global demand, measured in cargo tonne-kilometers (CTKs), increased by 1.9% compared to September 2022 levels (+1.6% for international operations, capacity, measured in available cargo tonne-kilometers (ACTKs), was up 12.1% compared to September 2022(+11.0% for […]
Airline operators have raised the concern that some domestic airlines may suspend operations permanently from March next year, if there is no government intervention to cushion the high cost of operation in the Nigerian aviation sector. The operators stated that the devaluation of the naira, which now exchange for N1,200 to $1, could force some […]
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 […]
