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Tag: IATA

News

Aviation fuels will triple to 1.9bn liters in 2024 – IATA

The International Air Transport Association has said that the production of Sustainable Aviation Fuels is expected to triple to 1.9 billion liters in 2024. This would cover 0.53% of the fuel required by aircraft in 2024. Governments could implement several policy initiatives to speed up the usage of SAF. The Director General of IATA, Willie […]

featured

CBN clears $831m foreign airlines’ trapped funds – IATA

The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last year to date. This was disclosed by the Director-General of IATA, Willie Walsh, in a statement on Sunday, according to The Punch. International airlines now have over $1.8 billion in funds […]

FG's 10-man panel to investigate airlines over fare hike
News

FG’s 10-man panel to investigate airlines over fare hike

The Nigeria Civil Aviation Authority’s CEO, Chris Najomo, has appointed a 10-member committee to investigate international airlines over their exorbitant charges in an effort to lower the cost of air travel for Nigerians. The PUNCH stated that, this was revealed in a news release sent to media on Thursday and signed by NCAA Director-General Chris […]

IATA, weather company collaborate on data
Business

IATA, weather company collaborate on data

The Weather Company and the International Air Transport Association are working together to provide airlines with improved weather information pertaining to turbulence. The PUNCH reported that an IATA statement showed that The Weather Company, which provides aviation solutions to the majority of commercial airlines in North America and many others worldwide, is using the association’s […]

Air cargo demand rises by 18.4% January - IATA
Aviation News

Demand for air travel rises by 22% – IATA

The African aviation sector had a 22.1% rise in Revenue Passenger kilometres for November 2023 compared to the same time the previous year, data from the International Air Transport Association stated. “During the month under review, African airlines had a 22.1 per cent rise in demand; however, capacity increased by 29.6 per cent causing a […]

IATA, weather company collaborate on data
Aviation

Why aviation industry hasn’t recovered from pandemic losses – IATA

The aviation industry is still getting over the losses from the pandemic that severely disrupted airline operations around the world, according to the International Air Transport Association. The Punch reported that Africa’s aviation industry is predicted to have suffered $7.7 billion in losses in 2020 as a result of government restrictions imposed to stop the […]

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, […]

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