THE Minister of Aviation, Sen. Hadi Sirika, has announced that Nigeria has received three training aircraft for the Nigeria College of Aviation Technology (NCAT), Zaria. Sirika, disclosed this on his Twitter handle (@hadisirika) on Sunday, adding that there was no better aviation safety than having well trained, proficient aviators. NCAT takes delivery of six Diamond DA40 NG training aircraft According …
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Senator Adede, Chief Onyema seek legislation for easy access to land for aviation development
INVESTORS in the aviation sub sector are seeking easier access to land for aviation-related investments and have asked the House of Representatives to enact laws that would provide for an enabling environment for investment. This is just as Chuks Izuogor, a representative of some airlines has sought the intervention of the House to redraft Clause 28 of the Bill of …
Read More »Airport Concession: Former FAAN MDs, Directors tell Reps Nigeria risks invocation of Mezzanine Clause
A group of former Managing Directors and Directors of Federal Airports Authority of Nigeria (FAAN) have identified the Mezzanine Clause in all Chinese sponsored infrastructures stating that any contravention of Agreement with China on the $500m loan for the construction of the new terminal building may lead to the invocation of the clause. The Mezzanine clause in all Chinese sponsored …
Read More »Nil corporate governance, high maintenance; others: reasons for Nigerian airlines failure
NON-EXISTENT corporate governance and poor business plans, high maintenance cost and interest on loans as well as choice of operational equipment are some of the linking factors identified as the bane to Nigerian airline survival according to the minister of aviation, Senator Hadi Sirika. Sirika who was responding to the senate committee on aviation during the three-day public hearing last …
Read More »Aviation Public Hearing: The good, bad and the intriguing
TO say the three day public hearing on the amendment of six (6) executive bills of aviation agencies hosted by the Senate Committee on Aviation is anything short of interesting would be the understatement of all time. Views and counter views with divergent ideas filled the air as law makers, the regulator, investors and stakeholders gathered to amend Acts establishing …
Read More »FAAN corrects AON’s impression; says airport charges are not nebulous
Passenger Service Charge was not unilaterally increased as implied by AON- Yadudu MANAGING Director of the Federal Airports Authority of Nigeria (FAAN), Captain Rabiu Hamisu Yadudu has said that its charges to airlines and other investors are in no way nebulous and that the agency has always been open to investors, airline operators about this This is just as he …
Read More »N5b Aviation bailout: industry investors, lawmakers and players seek upward review
STAKEHOLDERS are of the opinion that the Federal Government needs to improve on its announced N5billion COVID-19 intervention funds for the aviation sector as the sum will not have much impact in meeting the sector’s challenge. Minister of Aviation, Senator Hadi Sirika had in Day one of a three day public hearing hosted by the Senate Committee on Aviation on …
Read More »Unions allege Chinese debt on airport terminals grown to US$1billion
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, …
Read More »No land allocation at airports until master plan is complete-Sirika to investors
MINISTER of Aviation, Senator Hadi Sirika has said that until the aviation industry completes the master plan of the airports, there would be no allocation of land stating that currently the nation’s airports are a shambolic eyesore with clutters being erected all over without plans. Sirika made this known Tuesday night while reacting to request for lands for development that …
Read More »COVID-19 impact: FAAN loses N18.9bn aeronautic, non-aeronautic charges in 2020
FOLLOWING the impact of the COVID-19 pandemic worldwide, the Federal Airports Authority of Nigeria (FAAN) has said that the challenges the COVID-19 brought in 2020 has wreaked havoc on its Internally Generated Revenue (IGR) which has suffered over 90% revenue loss in the last six (6) months. Managing Director of FAAN, Capt. Rabiu Hamisu Yadudu who made this known last …
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