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Tag: IATA

Aviation ministry gets N40bn approval for NAVAID upgrade
Aviation

“Airlines sign SAF $45bn forward purchase agreements” – IATA

Airlines have secured global forward purchase agreements for Sustainable Aviation Fuel worth $45 billion, according to an announcement made by the International Air Transport Association. The Times reported that the International Civil Aviation Organisation held the Third Conference on Aviation Alternative Fuels in Dubai on Friday when this information was revealed. The conversations mostly focused on how important it […]

IATA, weather company collaborate on data
Aviation

Foreign airlines lament as over $700m remain stuck in Nigeria

Foreign airlines have stated that around 90% of their $783 million stuck cash have not been paid. According to The Punch, airlines made this announcement at a recent stakeholders’ event that the Minister of Aviation and Aerospace Development, Festus Keyamo, convened in Lagos. The International Air Transport Association reported that as of August 2023, Nigeria accounted for a substantial $783 […]

IATA, weather company collaborate on data
Aviation

Foreign airlines’ trapped funds hit $783m – IATA

The International Air Transport Association has stated that as of August 2023, Nigeria accounts for $783 million of the airline industry’s blocked cash. In a statement, the trade group said that the IATA’s regional vice president for Africa and the Middle East, Kamil Al Awadhi, conducted discussions with the Federal Government to fix the issue. The Punch has previously […]

Flutterwave partners IATA to facilitate improved flight payment for African airlines
News

Flutterwave partners IATA to facilitate improved flight payment for African airlines

Africa’s leading payments technology company, Flutterwave has joined forces with the International Air Transport Association to enhance travel experiences and facilitate seamless payments for airlines operating in sub-Saharan Africa. Through this collaboration, airlines worldwide can leverage Flutterwave’s integration with IATA’s Financial Gateway to process payments from customers using various methods, including cards, bank transfers, mobile […]

IATA, weather company collaborate on data
Aviation

How Nigeria passenger traffic grew 60% in four years – IATA

Nigeria’s passenger traffic and seat capacity have significantly increased, reaching levels that are about 60% higher than those seen in 2019. According to the International Air Transport Association, this expansion continues the promising patterns that were started in the last quarter of 2022. This information was made public by the association during the most recent […]

Nigerian airlines missing in top 20 global ranking - Report
Aviation

Nigerian airlines missing in top 20 global ranking – Report

No Nigerian airline made the top 20 best airlines in the world ranking, despite several interventions to improve their everyday operations. According to Vanguard, there are more than 5,000 airlines holding ICAO codes. The ranking parameters utilized by Airline Ratings and Skytrax World Airline Awards evaluated airlines using criteria such as safety records, punctuality, passenger comfort, […]

IATA, weather company collaborate on data
Aviation

Airlines passenger traffic increases by 124% – IATA

The International Air Transport Association has reported that passenger traffic on African airlines increased by 124% in 2022. The Punch reported that based on January traffic data, the IATA, a Swiss-based organization that represents international airlines internationally, stated that the increase in air travel demand was continuing in 2023. According to the report, passenger traffic […]

IATA welcomes Somalia airspace upgrade to 'Class A'
Aviation featured Transportation

IATA welcomes Somalia airspace upgrade to ‘Class A’

The International Air Transport Association has commended Somalia for upgrading of its airspace and the surrounding area to ‘Class A’. This comes after air traffic control services in the African country resumed operations after a 30-year interruption on January 26, 2023. Approximately 300 airlines, or 83% of worldwide aviation traffic, are represented by IATA. The […]

Delta airline halts Lagos to New York flights
Aviation Business featured

Nigerians buy Delta Airline flight tickets in dollars

International carrier, Delta Airlines, has begun selling tickets to passengers in US dollars even as foreign airline funds continue to be trapped in Nigeria. It was learned that this was done to prevent the country’s trapped funds from growing further. Recall that the International Air Transport Association estimated that foreign airlines’ trapped funds in Nigeria […]

Aviation featured

Reps seek lower flight prices for holidays

The request by the House of Representatives to foreign airlines to reopen cheaper layers of fares for the Nigerian market while trapped funds are resolved has gone unanswered, much to the chagrin of international travellers this holiday season. Even so, an increasing number of airlines are only offering premium fares to inbound tourists. Premiums in […]

IATA welcomes CBN's release of $265m to airlines
Aviation

IATA welcomes CBN’s release of $265m to airlines

The International Air Transport Association hailed the Central Bank of Nigeria for releasing 43% of trapped funds to international airlines. AM Business had reported that CBN last weekend released $265million, being part of the over $464 million belonging to the foreign airlines. Foreign airlines collect Naira for their tickets from customers and exchange the same […]

IATA welcomes CBN's release of $265m to airlines
Aviation

5G networks may meddle with aircraft landing – IATA

As the Nigerian Communications Commission and telecoms giants prepare for the launch of the 5G spectrum in August, the International Air Transport Association has warned that there may be disruptions to aircraft landing. IATA urged the Federal Government of Nigeria and the governments of other countries to work closely with the aviation industry to ensure […]

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