Tag: Nigerian Airlines
Spending $3M on Aircraft Maintenance Overseas an Unsustainable Scam
Nigerian airlines face severe financial strain from overseas aircraft maintenance, George Uriesi, Acting CEO of Ibom Air, told delegates at the 2025 FAAN National...
20% Cost of Funds Makes Single-Digit Interest Rates Impossible-Fidelity Bank MD
Fidelity Bank MD explains aviation funding and interest rates
Commercial banks cannot lend to Nigerian airlines at single-digit interest rates because they borrow funds at...
Heathrow Celebrates Air Peace’s Spirit of Resilience
Air Peace’s Abuja-London Heathrow service has been described as a milestone in global connectivity and a symbol of resilience and renewed partnership between Nigeria...
UK Government Drive Fuels Air Peace’s Historic Heathrow Win
Air Peace, Nigeria’s largest carrier, has hailed the UK Government for supporting its approval to operate scheduled flights into London Heathrow and Gatwick. The...
Nigeria Adopts 20:70 Aviation Insurance Model to Ensure Risk-Sharing
Nigeria has adopted a proportional insurance framework designed to ensure risk-sharing between the aviation and insurance sectors, aligning with global best practices.
A new addendum...
Aviation’s unrelenting Vicious Circle: 3 Critical Views
Amid longstanding systemic challenges, the question of how to elevate the Nigerian aviation industry remains hotly debated. At the 29th Annual LAAC Conference, three...
Bold Airport Infrastructure Upgrade: 29th LAAC Fallout Tests Tinubu Plan
Nigeria’s airport infrastructure upgrade has taken centre stage as aviation stakeholders placed renewed attention on the state of the nation’s airports.
The discussions came weeks...
₦3.5bn Losses Reveal Urgent Need for Aviation Sector Financing Reform
BY ANTHONY OMOH
A whopping ₦3.5 billion in lost revenue and continued traffic decline have exposed deep cracks in aviation sector financing in Nigeria. This...
Ibom Air Targets Africa Through Uyo Hub Terminal Expansion
“When an aircraft sits idle as a backup, you are still paying for insurance, lease, and other overheads,” he said. Currently, Ibom Air operates...
Fixing Dry-Lease Aircraft Acquisition Challenges in Nigeria
Domestic insurers do not have the financial muscle to cover multi-million-dollar dry lease risks. International lessors often insist on offshore coverage, creating tension with...
