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Middle East airlines are cashing in on African nations' failure to take advantage of rising African demand for passenger air travel, says Hadi Akoum, head of Africa sales for European aircraft manufacturer Airbus.

Middle East airlines are cashing in on African nations' failure to take advantage of rising African demand for passenger air travel, says Hadi Akoum, head of Africa sales for European aircraft manufacturer Airbus.

• FG to bail out airlines  • Stakeholders bemoan poor state

THE country's aviation sector has once again come under scrutiny. Some airlines, notably, Aero Contractors and Air Nigeria are battling with operations, while Dana Air has again been grounded. And it is not yet clear when normalcy will return to the industry where the major operators are groaning under heavy debt burden.


Last week, the Federal Government finally succumbed to pressure to assist the country's dying airlines out of their financial mess as the Central Bank of Nigeria (CBN) has started working out modalities to rescue the carriers.
The apex bank, met with three aircraft manufacturers; Boeing Company, ATR and Embraer which on the occasion made presentations on the way to save the ailing domestic airlines from total collapse.


Besides the aircraft manufacturers, also present at the meeting chaired by the CBN governor, SanusiLamidoSanusi in Abuja, were representatives of Ministry of Finance, Ministry of Aviation, the six existing domestic airlines, Aero, Arik, Chanchangi, Overland, IRS, Med View Airlines and representatives of Asset Management Company (AMCON), which stood in for four of the six airlines which have been taken over.

…as NASS ponders local content bill for aviation industry

A HUNDRED and twenty seven pilots and aircraft engineers have been trained by the Office of the Special Adviser to the President on Niger Delta, which oversees the Presidential Amnesty Program for former militants in the area.

The Federal Airports Authority of Nigeria (FAAN) has terminated two leases granted Bi-Courtney Limited at the Murtala Muhammed Airport, Ikeja for the development and management of a four-star hotel and conference centre, respectively.

In two separate letters, dated April 19th 2012, the Authority had informed Bi-Courtney that the leases granted it in respect of the two projects had been terminated as a result of breaches committed by the company in the agreements it signed with FAAN on the two projects.

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