In 2016 many oil producing countries that were hit by economic crunch due to low prices of the product could not allow international carriers to repatriate their revenues as foreign exchange became very scarce. Twenty months after, airlines that operate to Nigeria still battle government for the full repatriation of their funds. At the peak […]
One of the major challenges in manpower development in aviation is industry is the cost of training. Many young people dream of becoming pilots in the future but when the cost of training is broached, many parents know that they won’t be able to afford it. Not only the exorbitant cost, in Nigeria there is […]
The International Air Transport Association (IATA) announced global passenger traffic data for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compared to the year-ago period. This was in line with the 7.7% growth recorded in May. All regions reported growth. June capacity (available seat kilometers or ASKs) increased […]
For the Federal Airports Authority to broaden its revenue base aimed at revamping airport infrastructure, industry experts posit that the agency must fully exploit non-aeronautical revenue sources. Many industry observers are of the view that the high charges imposed on airlines by the Federal Airports Authority of Nigeria (FAAN) is because it has not […]
The International Air Transport Association (IATA) announced global passenger traffic results for May showing that demand (measured in revenue passenger kilometers, or RPKs) rose 7.7% compared to the same month in 2016. This was slower than the 10.9% growth recorded in April. However, this still was well ahead of the 5- and 10-year average growth […]