*Fagbemi accuses firm of arm-twisting tactics in order to seize Nigeria’s assets abroad Chinese company Zhongshan Fucheng Industrial Investment Co. Limited is making moves to seize the £20 million judgement cost awarded in favour of Nigeria against P&ID by a United Kingdom appeal court last month, THISDAY has learnt. The company, which had earlier secured […]
There will be many benefits if Nigerian airlines are enabled to operate international routes. They will be able to earn foreign exchange; they will provide competition on Nigerian routes, which will bring down cost of airfares for the traveler, and they will create more jobs and also help in manpower development. Industry observers have said […]
On March 31, 2023 Nigeria’s major carrier, Air Peace will be adding a major destination, Mumbai, India to its international routes, making it the second long distance flight to Asia. The first was China, which it started last year. With this development, the airline is already breaking the jinx, prodding though the odds and stoically […]
The International Air Transport Association (IATA) has announced that African carriers are expected to post a loss of $638 million in 2022, narrowing to a loss of $213 million in 2023 and projected that passenger demand growth of 27.4 per cent is expected to outpace capacity growth of 21.9 per cent. IATA also stated that […]
What is peculiar about air transport in Nigeria is that it has one of the most lucrative international routes in Africa but these routes are dominated by mega carriers of the world, leaving less that five per cent to indigenous airlines. This lopsided situation has lasted for decades and industry observers said there were many […]
