The controversy rocking Nigeria’s major carrier, Arik Air may soon be over as the shareholders are now deeply in discussion with a major investor, who would take over significant shares from the company and provide the funds to offset the debts of the airline owed to Asset Management Corporation of Nigeria (AMCON) and other creditors. […]
Lack of indigenous expertise, offshore training and aircraft maintenance, experts say, are the major reasons the airline business doesn’t thrive in Nigeria. During the International Air Transport Association (IATA) conference held in Abuja last year, it was established by industry experts that the reason why airfares are costly in Africa is because most governments in […]
Chairman and CEO of Air Peace, Chief Allen Onyema argues that pent up demand on the foreign exchange market arising from capital flight is one of the reasons for the pressure on the exchange rate, and urged government to encourage indigenous airlines to build capacity and operate international routes. What gave you the impetus […]
The new Chief Executive Officer of Nigeria’s oldest airline, Aero Contractors, Captain Ado Sanusi says his management has fashioned out a blueprint to turnaround the airline. The Asset Management Corporation of Nigeria (AMCON) in 2011 took over Aero, but from 2011 till now there is no sign of reviving Aero, now they have taken over […]
There is an indication that the federal government may abandon the airport concession programme, which was one of the cardinal development goals this administration wished to actualise in the aviation sector. Minister of State, Aviation, SenatorHadiSirikahad on assumption of office declared he would concession the airports, see to the establishment of a national carrier as […]