Asset Management Corporation of Nigeria, AMCON

AMCON denies selling of Arik Air

Nigeria own Asset Management Company (AMCON) has denied the story making the rounds that Ethiopian Airlines was in discussion with it to buy over Arik Air. AMCON in a statement by its Head of Corporate Communications, Mr. Jude Nwauzor, explained that contrary to such reports, AMCON was not aware of any current discussion or negotiation […]

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Nigeria’s aviation shed $2 billion

At over $2 billion generated by foreign airlines, as well as funds expended by domestic airlines for aircraft maintenance, spares and emoluments for expatriate workforce, are repatriated annually The Chairman/CEO of Air Peace, Allen Onyema, who stated this, said that is part of the reaon responible for the continous weak naira/ US dollar exchange rate, […]

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Ethiopian Airlines bids for Arik Air

Ethiopian Airlines, a leading African carrier, owned 100 per cent by the Ethiopian government, says it has made a bid to the Federal Government to take over embattled Arik Air, Nigeria’s biggest airline. Arik Air, which was taken over the Federal Government through the Asset Management Corporation of Nigeria (AMCON) last February due to its […]

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Arik Air

Arik Air calls on Fed Govt to support local airline industry

Former Vice Chairman of Arik Air, Senator Anietie Okon, has applauded the Asset Management Corporation of Nigeria (AMCON) for its timely intervention in Arik Air, noting that its take over had stalled plans to sell it off. Okon also decried the continuous dominance of Nigeria’s airspace by foreign airlines saying at present no Nigerian airline […]

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Nigeria will retain its Category 1 safety rating, says NCAA DG

The Director-General of the Nigerian Civil Aviation Authority, Capt. Muhtar Usman, says the agency remains optimistic that Nigeria will retain its Category 1 safety rating. Usman stated this on Friday at the conclusion of the United States Federal Aviation Authority’s five-day audit of the NCAA. Nigeria achieved a Category 1 air safety rating from the […]

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Air passengers presumed to grow 7 pct annually

The volume of air passengers in Nigeria is expected to increase by seven per cent annually over the next 10 years. The Regional Vice-President for the Middle East and Africa, International Air Transport Association, Muhammad Ali Albakri, who stated this, said the growth would see an additional 7.9 million passengers take to the sky every […]

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US FAA to certify Nigeria Aviation industry

The United States Federal Aviation Administration (US FAA) is to commence the certification of the Nigerian aviation industry on August 21, 2017, says the Nigerian Civil Aviation Authority (NCAA). Speaking during a briefing at the Murtala Muhammed Airport, Lagos, the spokesman for NCAA, Mr. Sam Adurogboye, stated that a four-man US FAA team is due […]

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Med-View Airline records 27 pct profit growth in half-year

Nigerian’s leading domestic airline, Med-View Airline, recorded a 27 per cent growth in profit in its half year period ended June 30, 2017 at ₦857.3 million from ₦671.5 million in 2016. Med-View also posted revenue of ₦13.0 billion for the period, representing a growth of 49 per cent from ₦8.7 billion posted as revenue in […]

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Murtala Muhammed airport Lagos Nigeria

Murtala Airport Lagos reach final stage of ICAO certification

The Director-General, Nigerian Civil Aviation Authority, Capt. Muhtar Usman, has said that the Murtala Muhammed International Airport has reached the final stage of safety certification by the International Civil Aviation Organisation under its Standard and Recommended Practices. He said out of about five stages of the certification process, the Lagos airport is at the fourth […]

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Virgin Atlantic celebrates 16th anniversary of flying in Nigeria

A United Kingdom mega carrier, Virgin Atlantic Airways, has celebrated its 16th anniversary of flying between Lagos and London. Since 2001 when it started flights into Lagos, the airline said it had helped over three million customers to enjoy holidays, business trips and visit friends and family members in the UK and beyond. The airline […]

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Dana Air introduces new payment plan for passengers

Dana Air has introduced another customer-centric product called “Pay with Dana Miles,’’ as part of efforts to enhance its service delivery to its customers. The Communications Manager of Dana Air, Mr Kingsley Ezenwa, announced this in a statement issued on Friday in Lagos. Ezenwa said with the “Pay with Dana Miles’’ initiative, members of the […]

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Oando gets drone licence from NCAA

The Nigerian Civil Aviation Authority (NCAA) has issued the first Remotely Piloted Aircraft/Drones (RPAS) Operators Certificate (ROC) to Oando Plc. The spokesman of the authority, Sam Adurogboye, broke the news yesterday. The RPAS Operators Certificate (ROC), according to Adurogboye shall remain in force till June 15, 2019 and shall be carried on site during each […]

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