Transport

National Carrier to Begin Operations with 50 Aircraft

The federal government and its private investor partners may have concluded that the new national carrier, known as Nigeria One, would start operation with 50 aircraft that would be delivered before the end of next year.

Among the aircraft types that would be operated by the national airline include Embraer, Bombardier and Boeing.

THISDAY reported that while Embraer short haul aircraft types would be used for domestic operations, medium haul Bombardier would be used for regional services and Boeing planes would be used for long haul international flights.

FG Secures $500m Aviation Infrastructure Loan from China

The Federal Government has finally signed a $500 million loan agreement with China for the construction of four international airport terminals in Abuja, Lagos, Port Harcourt and Kano.

The loan, which was one of many agreements and Memorandum of Understandings signed by both countries, was approved in Beijing yesterday as President Goodluck Jonathan formally commenced a two-day state visit to China.

BA Takes Delivery of First Airbus Superjumbo

Super-jumbo aviation arrived in the UK with the recent delivery to Heathrow of British Airways’ first A380.

The airline, according to a release, is the first UK carrier to take delivery of the double-decker, which is the world’s largest commercial jet. British Airways is also the first airline in Europe to operate both the A380 and the Boeing 787 Dreamliner, the first two of which landed at Heathrow last week.

Association Commends FG over Automation Upgrade

The Aeronautical Information Services Association of Nigeria (AISAN) has commended the Federal Government and the Nigeria Airspace Management Agency (NAMA) for the automation of the agency’s Aeronautical Information Service (AIS), saying that the completion of the project would elevate NAMA to one of the best airspace managers in Africa.

The Association noted that NAMA has already installed two antennae each at 11 airport stations across the country and would expand same to all the airports in the country.

Automotive Council Disburses ₦7b Loan to Manufacturers

The National Automotive Council (NAC) said it has disbursed ₦7 billion loans to vehicle manufacturers in the country under its auto development scheme.

Aminu Jalal, the Director General of the Council, recently in Abuja, said five companies out of the 10 that applied have accessed the loans.

He further listed the beneficiaries as Peugeot Automobile Nigeria (PAN) –received ₦3 billion; Innoson Motors of Nnewi –₦1 billion; and Dunlop (Nigeria) Limited accessed ₦1.2 billion.

The Aviation Industry -Will Mergers Reshape the Sector?

The Nigeria Aviation industry has contributed immensely to the socio-economic development of Nigeria as it is central to global aviation business in Africa. Only a vibrant Air Navigation Service Provider (ANSP) that is run as business concern would be able to tap into the potentials. The Nigerian Airspace presents itself as a shorter route for aircraft traveling to the American continent from Asia. It is often the bride of most international airlines. However, Nigeria aviation sector is full of bottlenecks and delays that are designed to exploit and strangle the growth of the industry”.

Maritime’s Strategic Economic Importance

The maritime sector is of critical significance to any economy. It is the main means for transporting goods internationally, and many cities rely on their ports as a major source of revenue. The maritime industry, which is a subsector of the transport sector, globally accounts for over 70% of transportation requirement of the world.

Why Nigerian Airlines Lean On Foreign Insurance Underwriters

Aviation industry globally has transported about 2.4 billion people since inception, according to the International Air Transport Association (IATA). Over 43 million tonnes of cargo, 32 million jobs, $545 billion in revenue and $217 billion in debt are currently credited to the aviation industry worldwide.

Delta Airline Exit From Abuja –The Business Implications

The suspension of direct flight operation to the John F. Kennedy International Airport (JFK) in New York, from the Nnamdi Azikwe International Airport (NAIA) in Abuja, by Delta Airlines, is reminiscence of the loss in economic competitiveness; a result of the dismal business environment in Nigeria.

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