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SAA has only five airplanes left
The embattled South African Airways this week returned four more leased airplanes to their lessors, leaving the airline with only five to use, and with several questions about its ability to continue operations.
This comes after the airline had initially returned 17 aircraft in mid-June, followed by a second batc… read more
Africa could rise stronger from the Covid crisis
African airlines have never been in a strong position as far as global aviation goes. As the coronavirus pandemic entered the continent, the industry in Asia, Europe and the Americas was licking its wounds and trying to work out how it could recover.
The International Air Transport Association (IATA) chief economist, Bri… read more
High pressure on Travel Agencies because of N26 Billion unused tickets
Travel agencies in Nigeria have renewed their call to the Federal Government to reopen the nation's airports for international operations to avoid the collapse of the downstream sector of the aviation industry.
There is still uncertainty over the resumption of international flights four months after the suspension by the gove… read more
Nigeria: The need to Protect Local Airlines
In order to grow the air transport industry to significantly contribute to the country's gross domestic product, create jobs and provide efficient service to the country, it must adopt decisive diplomatic policies to protect local carriers. Unfolding events in the aviation sector during the coronavirus lockdown showed that Nigeria may sti… read more
African countries not prepared for COVID-19 – Dr Ebegba
Dr Rufus Ebegba, an agriculturist and environmental biologist is the Director General/Chief Executive Officer of the National Biosafety Management Agency (NBMA). In this interview with MICHAEL JEGEDE, Ebegba spoke on the COVID-19 pandemic and lessons to be learnt from the global menace, particularly by African countries. Excerpts:
The N… read more
Nigeria’s Access Bank acquires Kenyan bank
Nigerian banks have continued to make their foray into East Africa’s financial sectors, with the recent acquisition of Kenya’s Transnational Bank by Access Bank of Nigeria.
According to standardmedia.co.ke, Access is not the first Nigerian bank to get a foothold in Kenya; Guaranty Trust (GT) and UBA already have a presence here. The choice… read more
Pandemic Hits African Tourism
At mid-year, African economies, already battered by the Covid-19 pandemic are now facing a total GDP loss of at least $145.5 billion. With many countries recording an unprecedented surge in the number of infections, and the continent's total cases surpassing the half million mark as per World Health Organisation data, Africa is forecast to suffe… read more
Nigeria: Domestic airlines risk collapse as load factor declines
Exactly a week after commercial airlines resumed flight services on Lagos-Abuja route, local airlines are struggling to sustain operations and meet cost as load factor hovers around 40 per cent.
The day-one optimism of about 70 per cent traffic across some of the local carriers has waned. Some of the operators c… read more
Aviation’s role in rebuilding tourism in Africa
Aviation is perhaps the engine room of the entire tourism sector. By its basic definition of tourism means the two can only be bedfellows. The World Tourism Organisation, United Nation’s agency responsible for the promotion of sustainable tourism defines tourism as a social, cultural, and economic phenomenon that entails the movement of people t… read more
ET: Optimising Diversification and Long-term Strategy
Air travel has been one of the hardest-hit industries by the COVID-19 pandemic due to the resulting travel restrictions as well as a slump in demand among global passengers. From high-cost carriers to low-cost flights, aircraft have been grounded, as international, regional, and even national routes remain cancelled. Consequently, the unpreceden… read more
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