Qatar Airways grows earnings 14% as revenue rises by $13.2bn

Businessam StaffSeptember 18, 2019

By Samson Echenim Qatar Airways on Wednesday published its annual report for 2018-19 showing overall revenue and other operating income growth of 14 percent. Passenger revenue grew by 14.3 percent with capacity (Available Seat Kilometers) growth of 13.5 percent. Cargo revenue witnessed growth of 16.8 percent with cargo capacity (Available Tonne Kilometers) growing 11.8 percent […]

Mixed-use, key to funding hotel development in Africa, says new report

Businessam StaffSeptember 16, 2019

By Samson Echenim A new report from JLL, the world’s largest professional services firm specialising in real estate, has revealed that people seeking to finance a new hotel project in Africa will be much more successful if their hotel is part of a mixed-use development. JLL’s research into global property transactions reveals that in the […]

Aero resumes flights to Benin

September 16, 2019

Samson Echenim Nigeria’s oldest carrier, Aero Contractors today resumed flights to Benin City, the Edo state capital. Ado Sanusi, a captain and the airline’s managing director, said operating flights to Benin with a Boeing 737-500 was another boost to Aero’s operations. The airline will operate into Benin City four times a week, the days being […]

Dana Air expands fleet, acquires first B737-300s to begin new routes

September 16, 2019

By Samson Echenim     Dana Air weekend, took delivery of one of its two ordered Boeing 737-300 in a strategic plan to expand its fleet and begin operation on new routes. The two aircraft are the airline’s fully financed and fully owned, according to Obi Mbanuzor, Dana Air’s chief operating officer (COO) and accountable […]

Air Peace and the price of goodwill

September 16, 2019

By Samson Echenim   Social media platforms within Nigeria’s sphere went ablaze with praises of Air Peace, Nigeria’s largest airline by fleet, days following the evacuation of some Nigerians from South Africa. With 23 aircraft in service, 20 in order and purchase right for 10, Air Peace is not only Nigeria’s biggest carrier, it is […]

NCAA commends Arik Air for operational efficiency, prompt remittance of 5% ticket, cargo sales charges

September 11, 2019

By Samson Echenim The Nigerian Civil Aviation Authority (NCAA) has commended Arik Air for its contribution to effective, efficient, safe and secure operations despite challenges in the operating environment. The authority in a letter dated September 4, 2019 and signed by Muhtar Usman, its director general, also extended its appreciation to Arik Air based on […]

We will not experience financial fallout from 737 grounding -Boeing CEO

Businessam StaffSeptember 10, 2019

Kenneth Afor with agency report Boeing’s chief executive officer has reaffirmed that the airline will not experience financial fallout following the grounding of its 737 Max . Denis Muilenberg also disclosed that the grounding will not affect customers’ request for it’s services in the areas of aircraft parts, maintenance and analytics. He added that his […]

Baggage belt failure leaves passengers stranded at London airport

September 9, 2019

By Samson Echenim   Passengers travelling through Gatwick airport endured severe delays on last week due a baggage belt failure at the airport’s north terminal. Some travellers who managed to reach their flights discovered when they reached their destination that their luggage had not been stowed. The BBC reports that in the final throes of […]

Air Angola, SA Airways, Ethiopian Airline lead African carriers by revenue

September 9, 2019

By Samson Echenim   Figures for African airline routes and earnings have been released with Air Angola and South African Airlines leading the way for African airlines, with no mention of any Nigerian airline or route. In a list dominated by global airline groups, this past year has seen the top African airlines make headway […]