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Tag: Aviation

Aviation featured

Airlines pay ₦2,230/l for aviation fuel despite NMDPRA price advisory

Despite a pricing advisory by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, oil marketers have continued to sell aviation fuel, also known as Jet A1, to airlines at N2,230 per litre and above, deepening concerns across Nigeria’s aviation sector. The NMDPRA had earlier indicated that aviation fuel should sell within a band of […]

Aviation

FG orders 30-day credit for airlines amid aviation fuel crisis

To tackle Nigeria’s worsening jet fuel shortage and price surge, the Federal Government has asked marketers to grant airline operators a 30-day credit window and sell aviation fuel directly to them. The development is sequel to a series of high-level engagements convened by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, following an earlier meeting […]

Aviation featured

NMDPRA sets aviation fuel price band for Lagos, Abuja

Nigerian Midstream and Downstream Petroleum Regulatory Authority on Monday, recommended that the price of Jet-A1, otherwise known as aviation fuel, should range between N1,760 and N1,988 per litre and N1,809 and N2,037 per litre in Lagos and Abuja. NMDPRA said the price band was arrived at following deliberations by a technical committee it convened on […]

CBN fines banks ₦150m for selling mint Naira notes
Aviation

CBN reforms boosts UK aviation, trade ties — Tinubu

President Bola Ahmed Tinubu has said the resolution of outstanding financial liabilities by the Central Bank of Nigeria marks a major turning point in strengthening Nigeria’s economic and aviation ties with the United Kingdom and its flagship carrier, British Airways. This was disclosed in a statement issued by presidential spokesperson Bayo Onanuga following a meeting […]

Aviation

FG pledges dialogue to ensure affordable aviation fuel supply chain

The Federal Government has committed to promoting dialogue between government, oil marketers, and airline operators to create a fair and transparent fuel supply chain that supports both economic sustainability and operational excellence. This commitment was pledged by the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, who promised to focus on policies and partnerships […]

Aviation featured

Nigeria’s Ben-Tukur re-elected to international aviation council

Nigeria’s candidate, Engr. Mahmoud Ben-Tukur, has secured re-election into Part II of the Council of the International Civil Aviation Organisation at the ongoing 42nd ICAO Assembly in Montreal, Canada. Ben-Tukur emerged victorious after a keenly contested election involving eleven other African nations. The Nigeria representative to ICAO will continue to occupy Nigeria’s seat on the […]

Flexjet raises $800m in private jet funding led by LVMH-backed firm
News

Flexjet raises $800m in private jet funding led by LVMH-backed firm

The world’s second-largest private jet operator, Flexjet, has raised $800 million in a landmark funding round led by L Catterton, a private equity firm backed by luxury goods giant LVMH. The deal marks the largest capital raise in private aviation history and values Flexjet at approximately $4 billion, according to sources familiar with the transaction. […]

FG approves Air Peace for direct Nigeria-Brazil flights as strategic aviation routes
News

Air Peace defends abrupt flight disruptions

Air Peace has defended the recent spate of flight delays and cancellations, citing a steadfast commitment to passenger safety as its top priority. In a statement issued on Saturday, the airline’s Head of Corporate Communications, Ejike Ndiulo, said the disruptions, while inconvenient for travelers, were necessary and made strictly in line with established aviation safety […]

12 hospitalized after American Airlines plane catches fire
Aviation

12 hospitalized after American Airlines plane catches fire

Twelve people were hospitalized with minor injuries after an American Airlines flight caught fire while taxiing at Denver International Airport on Wednesday, shortly after an emergency landing prompted by reports of “engine vibrations,” airline officials said. Dramatic footage shared on social media showed passengers standing on the wings of the Boeing 737-800 as flames engulfed […]

Air India flight returns to Chicago after toilet blockage
Aviation

Air India flight returns to Chicago after toilet blockage

An Air India flight from Chicago to New Delhi was forced to turn back mid-journey last Wednesday after multiple lavatories became clogged with foreign objects, causing discomfort to passengers. Flight AI126, a Boeing 777-300ER, had been in the air for five hours when the decision was made to return to Chicago, according to flight tracking […]

News

Global air finance summit to assess jet shortages, trade risks

Financiers and lessors who drive the global air travel industry will convene in Dublin on Monday for their annual meeting, supported by strong lease rates and stable oil prices. However, they face challenges related to jet shortages and trade tensions, according to Reuters. Ireland, home to the global aircraft leasing industry that controls about half […]

UN aviation agency investigates possible data breach
News

UN aviation agency investigates possible data breach

The United Nations’ civil aviation agency, the International Civil Aviation Organization, is investigating reports of a potential data breach following claims that tens of thousands of its records were stolen. The agency, headquartered in Montreal, Canada, confirmed the investigation in a brief statement issued on Monday. ICAO stated that the suspected security incident may be […]

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