488 commercial aircraft delivered in 9m 2023 Revenues € 42.6 billion; EBIT Adjusted € 3.6 billion EBIT (reported) € 2.7 billion; EPS (reported) € 2.96 Free cash flow before M&A and customer financing € 1.0 billion Charges on certain satellite development programmes Guidance maintained Airbus SE (stock exchange symbol: AIR) reported consolidated financial results for the […]
The Federal Airports Authority of Nigeria (FAAN) is cash strapped and cannot fund rehabilitation of airport facilities due to the deduction of 40 per cent of its Internally Generated Revenue by the federal government. This was disclosed by former Deputy Director of Finance, FAAN, Philip Emeto who retired recently from the agency. He said that […]
The Murtala Muhammed International Airport (MMIA) Lagos Area Command of Nigeria Customs Service (NCS) has announced that it generated N1.95 billion in November. In a statement signed by Command’s spokesperson, Juliana Destiny Tomo, the Comptroller, Malami Gidado, said the command recorded a significant increase of N350.53 million over its collection for the month of October, […]
The Director General of the Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu, has explained how the agency monitors airlines’ financial ability to sustain their operations. He also said whenever there was no doubt the agency would step in to ensure that airlines’ economic challenges do not erode their operational safety. Explaining why Aero Contractors […]
The Managing Director of the Nigerian Airspace Management Agency (NAMA), Captain Fola Akinkuotu said that the devastation caused by COVID-19 in the aviation industry affected the agency’s revenue, but the management is doing everything possible to maintain and continue to improve in providing navigational, surveillance and communication services to the aviation industry. Excerpts: Air traffic […]
