Airlines Lose N1.5bn Over Flight Disruptions By Labour   Domestic airlines said that they have lost about N1.5 billion so far this year due to the picketing of their operations. The operators were reacting to the forced closure of the domestic terminal at the Murtala Muhammed...

AMCON Blames Sole Proprietors For Airlines’ Woes, Demise   The Asset Management Corporation of Nigeria (AMCON) yesterday sought an end to the era of sole proprietorship in the aviation industry, blaming alleged sharp practices among owners for the demise of local airlines. AMCON, a Federal Government’s special...

Amid End Of 5% VAT, Airlines Retain Ticket Rates Air travellers expecting marginal review of fares following the recent removal of mandatory five per cent Value Added Tax (VAT) on transportation may have to wait longer. Airlines operators, who though lauded the gesture, saw the development...

Amid Slow Growth, Airlines Target N12.2tr Profit The International Air Transport Association (IATA) yesterday announced its expectation for airlines to achieve a collective net profit of N12.2 trillion ($33.8 billion), being 4.1per cent net margin, in 2018. IATA, the global clearing house for over 280 airlines...

Global airlines are expected to post record profits of almost $40 billion this year, the head of industry body IATA said, but he warned the sector faced threats from terrorism, a sharp rise in oil prices and protectionism. Alexandre de Juniac, who took the reins...

In a bid for the nation’s airline sub-sector to conform to the global standards and practices, the Nigerian Civil Aviation Authority, NCAA, has said that the new Nigeria Civil Aviation Regulations, Nig. CARs, promulgated in December, 2015, would take effect from 1st July, 2016. NCAA said...