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IATA Welcomes Nigeria’s Commitment to Improving Facilities at Lagos Airport *Nigeria Accounts for $783mn of Airline Blocked Funds

The International Air Transport Association (IATA) said it welcomes the assurance given by the Federal Airports Authority of Nigeria (FAAN) that it would improve infrastructure and service levels at the Murtala Muhammad International Airport, Lagos within the next 12 months. The global body said this follows a number of safety, security and passenger service level […]

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Aviation

Stakeholders Express Concern over Nigeria’s Aviation Industry, Seek Profitable Airlines

Aviation industry stakeholders are worried about the growth of the industry without the presence of profitable airlines in operation, stressing that the industry may not grow if urgent steps are not taken to remedy the situation. Industry leaders that converged in Abuja on Tuesday for a two-day conference on African Aviation, were of the view […]

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Aviation

AFRAA Joins Focus Africa Initiative to Enhance Aviation’s Economic Contribution to Continent

The International Air Transport Association (IATA) and the African Airlines Association (AFRAA) announced that AFRAA is joining the Focus Africa Initiative. IATA explained that Focus Africa aims to maximize the contribution of aviation to development across the African Continent by better serving passengers and shippers. Under Focus Africa, private and public stakeholders are committed to […]

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Aviation

IATA Expresses Optimism on Strengthening of Airline Profitability in 2023

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 […]

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