Nigeria’s Aviation News Headlines for Thursday October 6, 2016

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Why FG Must Save Indigenous Airlines –Ore

 

To avoid a situation where Nigerian airlines continually fold up and go into extinction, the Federal Government must urgently intervene.

This was the suggestion of aviation veteran, Capt. Dele Ore while reacting to the high mortality rate of Nigerian airlines even as he called for review of the National Civil Aviation Policy.

In a chat with Daily Trust, Ore lamented that only a handful of Nigerian airlines are currently in existence out of many others which existed a decade ago.
A Daily Trust report Tuesday said more than 50 airlines had existed in Nigeria from independence in 1960 while many of them have become extinct.
The indigenous airlines still operating are about 10, including Overland Airways and Skypower Express Airline, a charter and passenger airline operating since 1986. The popular ones are Arik, Med-View Airlines, Dana Air, Air Peace, Azma, Kabo, Max Air,

FirstNation. Aero Contractors recently suspended operations.
Ore, a one-time Director of Flight Operations of the defunct Nigerian Airways, said the government should urgently intervene to save the existing airlines for going the way of the extinct ones.
According to him, the government should create an enabling environment for the airlines, come up with a Maintenance Repair and Overhaul (MRO) policy and address the foreign exchange challenge facing the airlines.

http://www.dailytrust.com.ng/news/business/why-fg-must-save-indigenous-airlines-ore/165439.html


Nigerian Airports Safe, Secure – FG



The Federal Government said it had taken measures to fortify the nation’s airports and forestall any act of terrorism.
Minister of State for Aviation, Senator Hadi Sirika disclosed this at the 39th General Assembly of the International Civil Aviation Organization (ICAO) held last week in Montreal Canada.
In his speech presented to the global aviation forum, the Minister highlighted government’s initiative in promoting civil aviation security even as he charged ICAO member states to take proactive measures to curb ever-increasing threat to security of civil aviation.
http://www.dailytrust.com.ng/news/business/nigerian-airports-safe-secure--fg

Buhari Commends Nigerian born ICAO President

http://aviationlineng.com/wp-content/uploads/2015/12/ICAO-2.jpg
President of ICAO), Dr Olumuyiwa Bernard Aliu with Nigeria's minister of state for Aviation, Sen. Hadi Sirika. Photo credit:http://aviationlineng.com
President  Muhammadu Buhari has appreciated the Nigerian-born President of the International Civil Aviation Organization (ICAO), Dr Olumuyiwa Bernard Aliu on his hard work and being a good ambassador of Nigeria.
The message of the president was conveyed by the Minister of State for Aviation, Senator Hadi Sirika when he led Nigeria delegates to Dr. Aliu’s office in Montreal, Canada.
http://tribuneonlineng.com/buhari-commends-nigerian-born-icao-president/

 

Aviation Workers Protest over Planned Airport Concession, Disrupt Traffic

 

Aviation workers Wednesday reinforced their opposition to the planned concession of airports by the federal government as they matched in protest to the domestic terminal of the Murtala Muhammed International Airport, Lagos, insisting that government must rescind the plan.
The workers insisted that government in their concession plan would not protect their interests and also expressed suspicion that the concession may end up as underhand deal, considering the urgency with which government is embarking on the programme.
The workers under the aegis of National Union of Air Transport Association Employees (NUATE) and Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) gathered at the front of the Federal Airports Authority of Nigeria (FAAN) and the Nigeria Airspace Management Agency (NAMA) to kick of the protest.
However, the protest did not disrupt flight operations as everything was carried out on the landside and along the airport road that links the domestic and international terminals, thereby disrupting vehicular traffic.


Replacement Samsung Note 7 Phone Emits Smoke On US Plane

Image result for photos of samsung galaxy s7
A replacement model of the troubled Samsung Note 7 smart phone began smoking inside a U.S. plane on Wednesday, the family which owned it said, signaling that Samsung’s solution to its recent scandal may not have worked.
Indiana passenger Brian Green’s phone began emitting smoke inside a Southwest Airlines Co flight to Baltimore from Louisville, Kentucky, his wife, Sarah, told Reuters after speaking with her husband. She said that Green had replaced the original phone abouttwo weeks ago after getting a text message from Samsung.
https://newtelegraphonline.com/replacement-samsung-note-7-phone-emits-smoke-us-plane/

BN: Forex Liquidity to Remain Tight, Bad Loans to Rise


 
Currency market liquidity in the system is set to remain challenging in the second half of 2016 due to low oil prices, which could push up credit risks for lenders, as naira weakness makes loans harder to service, the Central Bank of Nigeria (CBN) has said. ”

Although the outlook for the rest of the year appears to be challenging, the current measures put in place … are expected to minimise the impact of shocks to the domestic economy,” the apex bank said in its half-year financial stability report released yesterday.
The CBN said the move to a flexible exchange rate regime had led to a sharp fall in the naira and contributed to the decline in asset quality for the banking sector. Dollar scarcity has persisted after the 16-monthold peg of 197 naira per dollar was lifted, however,frustrating businesses, which need dollars to pay for imports. https://newtelegraphonline.com/cbn-forex-liquidity-remain-tight-bad-loans-rise/

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