IATA forecasts global airline profits to reach $25.7bn in 2024
Post AMUGE
December 6, 2023
African airlines to suffer losses over economic challenges Business a.m The International Air Transport Association (IATA) has predicted that the global airline industry’s net profit will reach $25.7 billion in 2024, representing a 2.7 per cent net profit margin. This would be an improvement over 2023, which is expected to see a net profit of […]
SAF in Africa — Opportunities, risk of an emerging market
Post AMUGEDecember 5, 2023
Africa has great potential to produce Sustainable Aviation Fuels (SAF) but also has a number of challenges Africa is the second-largest continent by land mass, measuring approximately 11.7 million square miles (30.4 million square km). With some of the longest distances between cities, aviation is the key to efficiently moving people and goods within the […]
15th Anniversary: Dana Air rewards customers with free, discounted tickets
Mike OchonmaNovember 13, 2023
Mike Ochonma Dana Air, has announced it is celebrating its 15th anniversary with discounts to reward customers and an award as CSR airline of the year 2023. Airline’s chief operating officer, Ememobong Ettete in a letter to Dana Air’s customers said, ”On this auspicious occasion of our 15th anniversary, we are filled with immense gratitude […]
Travel & tourism investments to hit $955bn by year end,says report
Onome AmugeAugust 24, 2023
By Onome Amuge. Travel & tourism investments is on a pathway to overturning pandemic setbacks , with its value projected to reach $955 billion in 2023, according to the latest report by the World Travel & Tourism Council (WTTC). The WTTC report titled “Travel & Tourism Economic Impact 2023 Global Trends Report”,predicts a 11.5 per […]
Emirates to suspend Nigeria flights from September 1 over $85m trapped revenue
Onome AmugeAugust 18, 2022
Emirates Airlines, the flag carrier of the United Arab Emirates (UAE), has announced the suspension of its flight operations to Nigeria, effective September 1, 2022. The Dubai-based airline and subsidiary of the Emirates Group made the disclosure following its inability to repatriate foreign exchange earnings worth $85 million from Nigeria. In a statement issued on Thursday […]
Aero Contractors suspends scheduled services over cost
Sade WilliamsJuly 18, 2022
Sade Williams/Business a.m. Nigeria’s oldest airline, Aero Contractors, on Monday said it would suspend its scheduled passenger flight services temporarily beginning from Wednesday, July 20, 2022. The airline said the suspension is “due to the impact of the challenging operating environment on our daily operations”. It added, however, that this does not in any way […]
Air Peace opens a flyway to Niamey with Embraer 145
Sade WilliamsMarch 21, 2022
BY Sade Williams/Business a.m. Air Peace, the largest airline in West and Central Africa by fleet size, opened a flyway into Niamey from Nigeria when it made its inaugural flight into the capital city of Niger Republic, March 11, using one of its Embraer 145 jets from its subsidiary, Air Peace Hopper. Augustin Kamano, director, […]
Virgin, Delta, Air France, Ethiopian boost NAHCO with handling renewals
Sade WilliamsMarch 21, 2022
BY Sade Williams/Business a.m. NAHCO Plc, leading Nigerian airline ground handling operators, has seen its business receive a big boost with new businesses and renewals of its ground handling contracts by top airlines, Virgin Atlantic Airways, Delta Airlines, Air France/KLM Royal Dutch and Ethiopian Airlines. The new businesses and renewals signpost the company’s dominance of […]
TLN Nigeria, UAE plug citizenship by investment
Onome AmugeMarch 20, 2022
BY ONOME AMUGE The Luxury Network Nigeria (TLN Nigeria) in collaboration with The Luxury Network UAE (TLN UAE), and world-class residency and citizenship advisory, RIF Trust, recently organised an exclusive VIP dinner and networking event, centred on the benefits and path to acquiring second citizenship through high-yield investment placement for high-net-worth individuals The event, held […]
Ahead Easter, Green Africa throws in N25,500 fare offer to celebrate
Sade WilliamsMarch 20, 2022
BY Sade Williams/Business a.m. Ahead of the upcoming Easter celebrations for 2022, Lagos, Nigeria based value airline, Green Africa, Nigeria’s has put on the market a special ‘One Month of Easter’ offer with a starting fare of N25,500 only, from 17th March to 18th April 2022 across selected routes. The offer is applicable for travel […]