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FG Releases N22.68b to Pay Ex-Nigeria Airways Workers

The Federal Government has ordered the Ministry of Finance to immediately release the sum of N22.68 billion for the payment of severance package of former workers of the liquidated Nigeria Airways Limited. This is 50 percent of the N45 billion earlier approved by the Federal Executive Council (FEC) on September ...

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Airline Operators Hail FG Over Suspension of Nigeria Air Project

The Airline Operators of Nigeria (AON) has commended the Federal Government for suspending the planned National Carrier Project, saying it is in the interest of the nation. In a statement, Chairman of AON, Captain Nogie Meggison commended the Federal Government  for heeding earlier calls for a rethink of the decision ...

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TSC Remittance: NCAA Issues Lufthansa, others December 31 Deadline

NIGERIAN Civil Aviation Authority (NCAA) has given 31st of December, 2018 deadline to all the Foreign Airlines that are yet to integrate on the Avitech platform for the remittance of five percent [5%] Ticket Sales Charge/Cargo Sales Charge[TSC/CSC] to do so or face severe sanctions. Foreign airlines directly referred to are ...

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Oil Firm Looses Properties to Union Bank Over Debt

Landed properties belonging to A-Z Petroleum Products Limited, have been taking over by the Union Bank of Nigeria Plc, and Mr. Gbenga Akinde-Peters, a receiver/manager, appointed over the properties The takeover of the company’s landed property situated at Plot 3508 Cadastral Zone A06, Maitama District, Abuja, covered by a Certificate ...

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Boeing, Air Peace to Order Ten 737 MAX Airplanes

…Nigerian Airline To Expand Regional Network With New, More Capable 737 Jet …As Boeing 737 MAX Continues To Expand Its Footprint Across Africa Boeing and Air Peace of Nigeria today announced a new order for ten 737 MAX 8 airplanes during a signing ceremony in Lagos. Air Peace already operates ...

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LADOL Part Ways With SHI, Alleges Serial Contract Breaches By Korean-Based Ship Building Yard

The Lagos Deep Offshore Logistics (LADOL) has terminated its sublease contract agreement with Samsung Heavy Industries (SHI) following alleged “repeated uncautionable negative activities” and breaches of due processes by the multinational ship builders. The foremost Nigerian indigenous oil and gas service provider based in Apapa, Lagos, was local content partner ...

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Airbus, Boeing Make Annual Workforce Predictions

Workforce projections by Boeing and Airbus see greatest growth—and need—in Asia-Pacific and North America.  754,000: That is the number of new maintenance technicians The Boeing Co. predicts will be required to maintain the commercial, business aviation and helicopter fleets over the next 20 years. The Asia-Pacific region will have the ...

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NSE: Trading Resumes on Downward Trend, Index Depreciates By 0.03%

….As Nigeria automotive signs MOU with Volkswagen Group to boost industry*** Equity transactions on the Nigerian Stock Exchange (NSE) resumed on Monday on a negative note with market indices dropping marginally by 0.03 per cent. Reports say that the market capitalisation shed N4 billion or 0.03 per cent to close ...

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Basil Agboarumi, is now SAHCOL MD

SKYWAY Aviation Handling Company Limited (SAHCOL) has appointed Mr. Basil Agboarumi as the company’s new Managing Director (MD) and Chief Executive Officer (CEO). His appointment as substantive MD/CEO was announced in a letter to him having served in an Acting capacity for the past six months. Similarly, the company has ...

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TSC: NCAA Rakes in $16.98m, N9.16bn from Int’l, Domestic Airlines in 8 Months

The Nigeria Civil Aviation Authority (NCAA), has recorded over $16.98 million as Ticket Sales Charge (TSC) from international and over N9.16 billion from local airlines between the months of January to August this year through its automation system. It is expected that the amount to be collected by the NCAA ...

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