April 13, 2021
  • April 13, 2021

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Airlines operators groan under burden of dollar shortage

by on March 24, 2021 0
By Oludare Mayowa   Foreign exchange shortages despite assurance from the Central Bank of Nigeria (CBN) continue to constrain the growth of domestic airlines. Many airlines both local and international are finding it difficult to access foreign exchange to carry out maintenance of their fleets while international operators are still finding it difficult to... Read More

2020 Finance Act: Nigeria excludes airfares from 7.5% VAT

by on January 12, 2021 0
Nigeria has excluded air flight tickets from payment 7.5 percent Valued Added Tax (VAT) as some airlines prepare to slash airfare on domestic operations. The exclusion of airfare from VAT was part of the provision in the newly signed 2020 Finance Act, which became effective from January 1, 2021. Operators in the sector said... Read More

COVID-19 pandemic offers African aviation a chance to reset~AfDB

by on December 5, 2020 0
Africa’s aviation industry represents a huge market that the continent’s airlines need to exploit more fully, with technology and AI offering the way forward for expansion, regional development experts said Thursday. “Technology and smart technologies are offering this fantastic opportunity, so let’s make use of AI, let’s make use of the Internet of Things,... Read More

IATA sees bleak future for Africa’s airlines, 4 out of operations, many in financial distress

by on October 22, 2020 0
By GFDNews Correpondent The International Air Transport Association (IATA) has predicted a bleak future for the aviation industry in Africa as it claimed that four airlines across the continent have ceased operations, two are in voluntary administration while many are in serious financial distress. According to a report by the IATA, “Without urgent financial... Read More

Nigeria bars eight airlines from its airspace from Sept. 5

by on September 3, 2020 0
The Nigerian government said it will not grant permission to eight international airlines to operate within the country airspace from September 5, when the country will reopen for international flights. According to Minister of Aviation, Hadi Sirika who named the airlines as Air France, KLM, Etihad, Rwandair, Lufthansa, TAAG Angola Airlines, Air Namibia, and... Read More

Ethiopian Airlines to rescue troubled S/African Airline

by on September 3, 2020 0
The continent’s biggest carrier, Ethiopian Airlines is among companies in talks with South Africa’s government about potentially offering support to the country’s insolvent state airline, according to people familiar with the matter. Ethiopian Airlines is considering ways to help bankrupt South African Airways fly again after more than five months of dormancy, said the... Read More