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CBN releases $265m to airlines to prevent aviation industry collapse

The Central Bank of Nigeria (CBN) on Friday, released the sum of $265 million to airlines operating in the country, to settle outstanding ticket sales in a bid to avoid brewing catastrophe in the country’s aviation sector. A breakdown of the figure indicates that the sum of $230 million was released as a special FX intervention Read More…

Nigerian Flight Deck
Aviation Business Travel

FG guarantees adequate maintenance of MMIA Terminal 2

The Federal Government has assured of adequate maintenance of the just-completed Terminal 2 of the Murtala Mohammed International Airport, Lagos. During the inspection of the terminal and its ultra-modern facilities on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed made this reassurance. Lai Mohammed in his statement said, “I can assure you that Read More…

Aviation Business Top Story

Emirates to suspend Nigeria flights from September over trapped funds

Dubai’s Emirates will suspend flights to Nigeria from next month over an inability to repatriate funds from Africa’s most populous nation, the airline said on Thursday. The decision highlights the difficulties faced by international carriers that fly to Nigeria, which is one of the biggest markets in Africa for several of them. The country has Read More…

Aviation Business Top Story

How safety fears, poor finances led to Dana Air’s suspension

Safety fears and a poor bank balance hit another Nigerian airline hard on Wednesday. The Nigerian Civil Aviation Authority (NCAA) suspended Dana Airlines’ air transport licence (ATL) and air operator certificate (AOC) indefinitely. NCAA announced the suspension on Wednesday in a statement signed by its director-general, Musa Nuhu. The authority said it suspended the operating Read More…

Mark Stevens
Aviation Business Top Story

Aero Contractors suspends services

The management of Aero Contractors Company Nig. Ltd., has said it would temporarily suspend scheduled passenger services operations from Wednesday. It explained in a statement that the suspension does not affect Aero’s other businesses. ”These businesses are not suspended: the Approved Maintenance Organisation; otherwise known as AeroMRO; the Approved Training Organisation, also known as Aero Read More…

Aviation Business Top Story

Ibom Air breaks ranks with Nigerian domestic aviators’ plan to stop flights over jet fuel cost

Uyo-based airline, Ibom Air, on Saturday said it will not take part in an industry plan to stop flights from Monday over the high cost of jet fuel, saying the move would affect revenues needed to service obligations to financiers and suppliers. The Airline Operators of Nigeria association said on Friday that members will stop Read More…

Aviation Nigeria Top Story

More than 2,038 lives lost to air accidents in Nigeria in 53 years — Bureau

In picture above: Rescuers and firefighters work among the wreckage from the plane that crashed on June 3, 2012, in Nigeria’s largest city of Lagos, killing all of the 153 people on board, in the densely populated Toyin Area in Lagos. Credits: Emmanuel Arewa/AFP A total of 2,038 persons died in air accidents in Nigeria Read More…

Aviation Metro Top Story

Lagos international travellers to sweat it out as MMIA departure drop off zone temporarily closed

Lagos international travellers will have to sweat it out in the next few days as there is now a temporary closure of the regular drop off zone at the departure lounge of the Murtala Muhammed International Airport, Lagos. The closure announcement by Mrs Henrietta Yakubu, FAAN General Manager, Corporate Affairs, was contained in a statement Read More…

Aviation Business Featured

Nigeria suspends Emirates flights over COVID-19 tests

Nigeria suspended the airline Emirates from flying into or out of its territory last week after the carrier imposed additional COVID-19 test requirements on passengers from the country, the aviation minister said on Monday. Emirates said last week passenger flights to and from Nigeria had been suspended until further notice in line with government directives, Read More…