U.S. airline Republic Airways to buy 100 Embraer SA jets
Businessam Staff
July 18, 2018
Republic Airways, United States regional airline on Tuesday signed a letter of intent to buy 100 E175 passenger jets made by Brazil’s Embraer SA, the two companies said at the Farnborough Airshow, Reuters reported. The airline said the deal would include an option to convert to Embraer’s latest E175-E2 aircraft, with purchase rights for an […]
Jumia’s hospitality report highlights growth potential for Nigeria’s travel, tourism
Justice OkamgbaJuly 11, 2018
Travel and tourism is on a fast track to becoming one of Nigeria’s major contributors to the country’s GDP and one of the largest employers of labour, according to Jumia Travel 2018 Hospitality Report. Africa’s leading online travel agency, Jumia Travel, unveiled the report, the third in the series, in Lagos Tuesday, which stakeholders find […]
Busy June sees Delta Airlines hit all-time customer record
Businessam StaffJuly 9, 2018
Delta Airlines has hit an all-time customer record in the month of June 2018 as it flew more customers than any other month in the company’s history, with nearly 17.7 million flying on mainline and Delta Connection flights around the world. The airline also ended the quarter with a record 50 million customers flown in […]
Air Namibia marks inaugural flight to Nigeria
Bukola OdufadeJuly 2, 2018
Air Namibia over the weekend marked its inaugural entry into Nigeria as part of its long term plan to expand into the western Africa market. The Namibian national carrier, which starts with four times a week flights said successful opening of the Lagos route would further open various parts of Africa to each other and […]
Kenya Airways to revive long-shelved expansion plans with 10 Boeing aircraft buy
Chukwuemeka ObiomaJune 28, 2018
Kenya Airways Plc. has proposed to buy up to 10 Boeing Co.737 Max aircraft, a move which if successful will revive its long-shelved plans to expand its network over a five-year period. The move comes on the back of three consecutive years of losses caused by what analysts described as a poorly executed expansion strategy […]
Cameroon Airlines returns to Lagos-Doula route
BusinessamJune 26, 2018
Cameroon Airlines Corporation (Camair-Co) has resumed flight to Lagos, Nigeria, starting recently on 23rd June this year when the Cameroonian flag carrier arrived from Douala after some years of absence from the route. At the welcoming ceremony at the Murtala Mohammed International Airport, Ekorong A. Dong, the Consul General of Cameroon in Lagos, expressed delight […]
Air Namibia to hit Nigerian sky
Businessam StaffJune 8, 2018
Air Namibia, the national airline of Namibia is to launch the Windhoek-Lagos-Accra, with the return routing from Accra-Lagos-Windhoek; and will reduce flight hours in West Africa by 60 percent. The new flight would resume on June 29, 2018, in Lagos-Accra route. The airline said the new route fits in with growing the business and increasing […]
Airlines already feeling effects of oil price rise as Delta Q2 fuel cost up 12%
Businessam StaffJune 7, 2018
Delta Air Lines fell as much as 3.5 percent Wednesday after the carrier cut its second-quarter earnings forecast due to higher fuel costs. Presenting at Deutsche Bank’s Global Industrials and Materials Summit on Wednesday, the airline said its fuel costs for the second quarter are up 50 percent year-over-year and 12 percent since the beginning […]
Airfares could rise globally on rising oil prices, says American Airlines CEO, Doug Parker
Businessam StaffJune 4, 2018
American Airlines issued a price warning to passengers at the weekend saying they may eventually face higher ticket prices if oil prices remain high. Oil prices have risen around 50 percent compared to the levels seen last year and that is putting pressure on airline profits. This has also prompted carriers to remove seats from […]
Airline profits this year unlikely at December forecast level, says IATA chief
Businessam StaffMay 31, 2018
Profits in the airline industry are unlikely to reach the record levels forecast in December due to a jump in fuel costs, the head of the world’s leading air transport group said on Thursday. Alexandre de Juniac, International Air Transport Association (IATA) chief executive said his organization will issue fresh forecasts next week, and that […]