Global aero politics: Time for Nigeria to wake up

WOLE SHADARE looks at the intricate global aviation politics and concludes that Nigeria also needs to play the game to increase market share for her airlines The disclosure Last week, the Managing Director of Nigeria’s only listed carrier on the Nigeria Stock Exchange (NSE), Medview Airlines Plc, Alhaji Muneer Bankole, took people into a serious politicking by global aviation players. This borders on how nations protect their airlines amid stiff competition. The hurdles deliberately set by foreign airlines to frustrate Nigerian airlines from reciprocating Bilateral Air Services Agreement (BASA), came…

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Controllers seek regulation of drones

The Nigerian Air Traffic Controllers Association (NATCA) has enjoined Nigerian Civil Aviation Authority (NCAA) to fast-track the implementation of the regulatory framework guiding the operations of Remotely Piloted Aircraft Systems (RPAS) within the Nigerian airspace in line with international best practices. The group stated this in communique signed by NATCA President, Victor Eyaru and General Secretary, Banji Olawode at its 46th Annual General Meeting (AGM) held in Uyo, Akwa Ibom State last weekend. The duo regretted that in recent times, RPA/UAV (Unmanned Aerial Vehicles) are being deployed for commercial and…

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Evaluating intrigues, challenges in airline business

Getting an airline business off the ground has become a lot more treacherous due to impediments that have caused failure for once burgeoning carriers. WOLE SHADARE reports Deep pocket not solution One can conveniently say that the only harder thing to start up than an airline is a nuclear plant. The reason you are able to raise capital is that financial markets love the idea of investing in an airline. When it works out, you can make enormous amounts of money. However, having deep-pocket investors who ready to bankroll an…

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Emirates lauds CBN over trapped funds

Emirates Regional Manager-West Africa Commercial Operations, Afzal Parambil, has lauded the Central Bank of Nigeria (CBN) for the release of international airlines’ blocked funds, commending it for being supportive to the operations of the carriers. At a media parley at the weekend, the airline chief said the decision to release the funds had rekindled confidence in the economy of the country, adding that the economic situation was far better than what it was two years ago. It would be recalled that in August this year, the International Air Transport Association…

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FAAN’s new car park: Opaque concession

Last week, the Federal Airports Authority of Nigeria (FAAN) commissioned the multi storey car park at the Murtala Muhammed International Airport, Lagos, with so much fanfare. Without doubts, the airport was in dire need of a befitting car park. With the speed at which the facility was completed, one would think that other facilities would get same speedy attention. Anyway, the multi storey car park is said to be financed by a commercial Bank and one that is heavily linked with a former female Minister of Aviation in a deal…

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Why Nigerian airlines aren’t profitable

Nigerian carriers are barely living from hand-to-mouth.WOLE SHADARE looks at factors that have eroded their profitability African airlines’ losses For the past two years, major African airlines have made losses amounting to $1.2 billion -about $700 million in 2015 and $500 million in 2016 according to the International Air Transport Association (IATA) 2016 report. But this is not the most troubling news. The continent’s airlines are expected to post $100million losses in 2017, according to an IATA estimate. The expected losses for African airlines is in line with the $0.1billion…

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The highs and lows

Fifty-seven years of aviation in Nigeria is an admixture of the good, the bad and the ugly. WOLE SHADARE writes that the industry is very robust to provide efficient air transport system   In the beginning Air travel in Nigeria commenced during World War II (1939-1945) when it became necessary to move troops and supplies fast across the country. Several air strips were built then, which were converted after the war, to civilian use. Civil aviation in Nigeria is a spin-off of the British colonial rule. But above all else,…

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