• Nigeria set to appoint transaction adviser for new national airline

    Nigeria set to appoint transaction adviser for new national airline

    According to reports, the Federal Government will appoint a transaction adviser next week as part of efforts to establish a new national carrier, an official has said.

    The Minister of State for Aviation, Hadi Sirika, said the new national carrier will ensure competition, cut in ticket costs and give Nigerians options to choose from.

    Sirika, who briefed journalists after the Federal Executive Council meeting, said “….between now and Wednesday we will appoint transaction adviser for national carrier, once that is in place […]

  • CBN approves special forex window for airline operators, manufacturers

    CBN approves special forex window for airline operators, manufacturers

    It was gathered that the Central Bank of Nigeria (CBN), Friday approved a Special Secondary Market Intervention Retail Sales (SMIS) forex window for domestic airline operators and manufacturers to stimulate ease of doing business in the sectors.

    The Minister of State for Aviation, Mr. Hadi Sirika, said the important one-off-stop-shop would fast track easy clearance of the backlog of matured Foreign Exchange (FX) obligations.

    The disclosure made public in a statement signed by Mr. James Odaudu, the Deputy Director, Public Affairs in […]

  • Recession: Nigerian billionaire snubs country, floats airline in Swaziland

    Recession: Nigerian billionaire snubs country, floats airline in Swaziland

    A Nigerian tycoon, Chief Benjamin Aghalieku Arinze, has launched an airline in Swaziland.

    Aghalieaku Airways as called, commenced operations last month and has its base at the Manzini King Mswati III International Airport, Swaziland.

    A statement on the airline’s website said: “Aghalieaku Airways is an aviation company that has a business strategy to set up base in the Beautiful Country of Swaziland.”

    “Developing the cargo aviation sector with a powerful and dynamic vision to create a hub site that will become your channel […]

  • Another Nigerian airline, First Nation, suspends operations

    Another Nigerian airline, First Nation, suspends operations

    Another domestic carrier, First Nation Airlines, has suspended its operations, the Nigerian Civil Aviation Authority has said.

    This is coming in less than 24 hours after Aero Contractors Airlines, Nigeria’s second largest commercial carrier, announced an indefinite suspension of its scheduled flight services and its staff with effect from Thursday, September 1, 2016.

    The Director-General of the NCAA, Capt. Muhtar Usman, explained that the decision was taken in order to ensure that the airline carried out the required maintenance of its aircraft.

    Usman, […]

  • Aero Contractors Airline shuts down operations in Nigeria

    Aero Contractors Airline shuts down operations in Nigeria

    Nigeria’s second largest commercial carrier, Aero Contractors Airlines has announced that it is shutting down services beginning from Thursday (tomorrow) September 1, 2016, over Nigeria’s current economic situation.

    The airline management said this in a statement signed on Wednesday.

    Aero stated that the suspension was part of the strategic business realignment to reposition the airline and return it to profitability.

    It stated that this “business decision”, which is a result of the current economic situation in the country, had forced some other airlines […]