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CITA-PUMA partnership will re-establish Lagos as Africa’s second largest jet fuel market

LEADING supplier of aviation fuel in Nigeria, CITA and global energy giants, PUMA have signed an agreement that will ensure security of fuel supply for airlines flying in and out of Nigeria to tank up in Africa’s second largest Jet A1 market. This is as parties involved in the new …

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Turkish Airlines announces 2018 Targets

TURKISH Airlines has set its targets for 2018, the year in which the carrier will move its hub to the 3rd Airport of Istanbul. According to the non-consolidated 2018 budget that was approved by the Board of Directors under the presidency of M. İlker Aycı, Chairman of the Board and …

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Turkish Airlines hits 79.7% load factor in December 2017

TURKISH Airlines has announced that it completed the year 2017 with a great success with an increased passenger factor of 9.3% after airlifting 68.6 million air travelers. The number of passengers in 2017 compared to the previous year reached 79.1% by increasing 4.7 points. The flag carrier has reached highest …

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Turkish Airlines announces USD 956 million profit in 2017 Q3 financial results

 TURKISH AIRLINES posted record net profit of all 3rd quarters in company history with USD 939 million in 2017 Q3 recording its 9-monthly operating net profit as USD 956 million. The successful 3rd quarter marked a 23 percent increase on total revenues compared to the same period of 2016, reaching …

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FG set to confiscate accounts without Bank Verification

MILLIONS of  account holders in Nigeria are set to lose their funds as the Federal Government would soon commence temporary seizure of all funds held in bank accounts not linked to any bank Verification Number (BVN) and whose ownership could not be absolutely identified. This development is coming following the …

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Turkish Airlines announces increase in load factor with 81.5% in September

TURKISH Airlines has announced an increase in its load factor the highest in the last five years this September 2017 as it publicized its “Passenger and Cargo Traffic Results” with 81.5% LF a by 5.7% increment from September of 2015 The evaluation of September 2017 Traffic Results shows that the …

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Delta Air Lines announces 2017 September quarter profit

DELTA AIR LINES today reported financial results for the September quarter 2017 with adjusted pre-tax income for the  quarter at $1.7 billion, a $182 million decrease from the September 2016 quarter. Pre-tax income includes a $120 million reduction from the operational disruption following Hurricane Irma that hit the Caribbean, Florida, …

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Elumelu charges govt to prioritize SMEs, Creative Sector to drive economic turnaround

PRIORITY must be placed on Small and Medium Scale Enterprises (SMEs), the Creative Sector and access to electricity to drive job creation inclusive growth and the diversification of the economy according to Chairman of African proprietary investment company, Heirs Holdings, Tony O. Elumelu, CON. This is just as Vice President …

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FAAN saves over N500 million due to in-house training -GM

A top official of the Federal Airports Authority of Nigeria (FAAN) has said that the airport authority has been able to save over N500million from  in-house staff training that commenced a year ago. General Manager, training, FAAN, Mr. Nath McAbraham Inajoh who revealed this at just concluded Nigeria Institute of Management, …

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Emirates Flight Training Academy takes delivery of two Cirus SR22 G6 training aircraft

  EMIRATES Flight Training Academy, the state of the art flight training facility being developed by Emirates to respond to the global aviation industry’s need for pilots, has taken delivery of its first two Cirrus SR22 G6 training aircraft in Dubai. These are the first of the 22 single-piston engine …

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