Thursday , 8 December 2022

Tag Archives: Nigerian Airlines and Covid-19

Airlines in dire straits as CBN dollar restriction policy impacts operations negatively

THERE is looming danger in Nigerian airspace as airlines are groaning under a Central Bank of Nigeria (CBN) dollar restriction policy that is making it difficult to transact businesses and meet their costs. Aviation in Nigeria is dollar intensive as every cost is charged in dollar from maintenance of aircraft, buying of aircraft spares to training of human capital however, …

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Air Peace says palliatives should tackle job retention, funds for insurance, maintenance

WITH the impending announcement of a bailout package for the aviation sector this week, Chairman of Air Peace Chief Allen Onyema has reiterated his call to ensure that the funds, or however form the palliatives take will be geared towards job retention and creation, as well as help airlines in the area of insurance and aircraft maintenance which have all …

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COVID-19 lock-down violations: NCAA enforces ban on private jets from charter services

SEQUEL to some abuses that transpired during the lockdown, the Nigeria Civil Aviation Authority (NCAA) has banned the age long use of private jets for charter flight services in a move it says will check the abuse of private jets in the country and regularize their operations. This ban, which many charter operators have been clamoring for came into effect …

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Communiqué for LAAC Webinar: ‘Nigeria’s Aviation Industry: Changing Times, Changing Strategies.’

AT the end of the League of Airport and Aviation Correspondents (LAAC) Webinar Held on Thursday, June 18, 2020 many resolutions were reached in a bid not only to better the industry but stabilize it post COVID-19. Top industry players were on hand to act as panelists in a robust discussion about the impact of the dreaded pandemic and what …

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Flight resumption: Air Peace flies all 25 aircraft around Nigeria to ensure airworthiness

AIR Peace yesterday traversed the Nigerian airspace with several of its fleets of aircraft in shakedown flights as the airline’s mixed fleet of 25 aircraft which includes three wide body aircraft, the Boeing 777s all the aircraft took to the skies flying to Abuja, Port Harcourt and back to Lagos without passengers. This, according to the airline is in readiness …

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Aviation restart: Stakeholders discuss middle seat removal, airline air worthiness, economics

AS the industry set for restart, stakeholders have said the campaign to remove middle seats is uneconomical to airlines, would make passengers pay way more and is totally unnecessary since aircraft come fitted with High-Efficiency Particulate Air (HEPA) filter which  sanitizes air in the cabin of aircraft. This is just as only six Nigerian airlines are said have passed the …

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Updated: Interstate movement ban: FG suspends Executive Jet Services for flouting directives, flying Naira Marley

FEDERAL Government today announced the suspension of a private jet charter and aircraft maintenance firm, Executive Jet Services, for flying celebrity musician, Azeez Fashola aka Naira Marley, to Abuja for a concert. The Minister of Aviation, Hadi Sirika, who made this known during the Presidential Task Force briefing in Abuja on Monday said the aircraft which conveyed the musician was …

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COVID-19: Akwa Ibom SG disburses palliatives to cushion Ibom Air’s N4bn losses

THE Akwa Ibom state government has approved and disbursed palliatives to the owned airline, Ibom Air occasioned by a revenue loss in the region of N4bn by the airline having been grounded for over three months due to the ravaging COVID-19 pandemic. Commissioner for Information, Sir Charles Udoh, who made this known recently stated that  providing financial assistance to the …

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COVID-19 intervention: Ojikutu asks FG to probe aviation industry figures for consistency, accuracy

“Private aircraft operators are also reporting loss of $5bn or N2trn in 3 months!! Again, how much would they be expected to make in 12 months or how much did they make in 2018 or 2019 and how much did the NCAA get from them as 5% on the chartered flights changes?”

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Flight resumption: Airlines can not break even on 40% load factor, Olowo tells FG

On board social distancing will be quite challenging except aircraft will be configured to all first class seats for economic operations. No airline can ever break even with less than 40 % load factor at the extremely low fares prevalent in the market where passengers pay less than $100 per hour on jet engines.This was the levels 30 years ago precisely 1990. Lagos Abuja N2, 200.Exchange rate N 22/$.  The dichotomy is can the passengers afford higher levels of tariff?”

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