Tag Archives: Concession

Says parties have not taken security into consideration Failure to address N150bn staff arrears Arbitrary 60:40 profit sharing ratio in favour of concessionaire  Aviation unions, Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), National Union of Air Transport Employees (NUATE), Association of Nigeria Aviation Professionals (ANAP) and Nigeria Union of Pensioners (NUP- FAAN BRANCH) have filed a suit seeking …

One of the bidders for the concession of the Murtala Muhammed International Airport (MMIA), SIFAX Group of Companies Limited has approached a Federal High Court in Lagos to disqualify Tav Airports Holding Company and GMR Airport Limited stating that both firms owned by the same company, Airport De Paris (ADP) submitted separate bids for MMIA and were shortlisted for the …

THE Federal Ministry of Aviation has said that there will be no be no ownership change with regards planned concession of four Nigerian airports as the parts of the airports to be concessioned applies to the non-aeronautic assets of the airports located in the Passenger and Cargo terminals. The ministry in a series of Frequently Asked Questions (FAQ) released recently …

 Says concession timeline not set in stone Reveals Transaction Advisors’ identities IN a bid to explain its planned concession quest, the Ministry of Aviation has released responses to possible questions that have been asked with regards the concession of the nation’s highest generating airports albeit the responses did not explain in details the entire situation. The Frequently Asked Questions (FAQ) …

AFTER listening to the Minister of Aviation, Senator Hadi Sirika deliver his concession strategy, the House Committee on Aviation led by Honourable Nnolim Nnaji has resolved to set up subcommittee to review the reports of the financial adviser, (FAD) and the project delivery team, (PDT) both of which fell below expectations. The subcommittee is to interface with the Ministry of …

Labour canvasses Green Field concession, full autonomy or corporatization of FAAN ORGANISED Labour has written to the President of the Federal Republic of Nigeria, Muhammad Buhari profession alternatives to the planned concession of four of the nation’s most viable airport stating that the current handling of the process and drive is worrisome and would only end up enriching a few …

Reject 60%-40% concession pitch, plans to sack staff after two years at concessionaire’s whim Say Sirika bent on concessioning a concession UNIONS have declared that the planned concession which will see the concessionaire get 60% of the revenue sharing formula while FAAN gets 40% and still has to service the Chinese debt of over US1 billion is dead on arrival, …

TODAY unions across the country embarked on a warning strike and at the Freedom Square of the Federal Airports Authority of Nigeria ( FAAN) unions at the Murtala Muhammed Airport followed suit, shutting down the administrative arm of the agency over irreconcilable differences. Read also: Unions allege Chinese debt on airport terminals grown to US$1billion The unions Air Transport Senior …

PROTESTS yesterday over the planned concession of the nation’s four airports may have struck the right chords as the House of Representatives is calling for the unions to sheath their swords and come to the negotiating table. House of Representatives Committee Chairman on Aviation, Honourable Nnolim Nnaji made this appeal to aviation workers urging them to prepare to present their …

By Simon Tumba FOR a long time aviation stakeholders have been expressing concern over the stagnant or retarding predicament of this massive sector, considering our natural, human and economic potentials. Perhaps based on these factors, including the $1.3 billion annually repatriated by foreign airlines, Senator Hadi Sirika put out a plan over four years ago to set up a national …