Nigeria's Aviation News Headlines For Monday November 14, 2016


 It's a another week of hope for the aviation industry in Nigeria !Read the headlines and follow the links to read the stories in full.

Exit of Global Carriers: How Nigerian Airlines Can Fill Void


The ongoing recession in Nigeria appear to have taken a huge toll on the nation’s aviation sector with some foreign airlines pulling out of the country, while others have scaled down their flight frequencies into the nation’s airports.
A changing tide
Indeed, a combination of factors including scarcity of aviation fuel as well as  CBN forex policy that has denied operators the repatriation of about $600million of foreign airlines funds), had got some of the foreign carriers angry and frustrated. While Iberia and United Airlines pulled out completely from Nigeria, other international airlines like Emirates and Kenya Airways have cut down on their flight frequencies into Nigerian airports. Also, the international airlines which find it hard to refuel in Ghana at a far more cheaper cost, have resorted to the use of smaller fuel efficient aircraft for their Nigerian flights in order to cut fuel costs.
The exit and reduction in number of foreign airlines flying into Nigeria has however come at a huge cost to the country.
Not only have there been some job losses by the Nigerians working in such airlines, but there have also been loss of revenue by government agencies like the Federal Airports Authority of Nigeria (FAAN), Nigerian Airspace Management Agency (NAMA), Nigerian Meteorology Agency (NIMET), and the Nigerian Civil Aviation Agencies (NCAA). Aside FAAN which benefits directly from the take-off and landing charges paid on each aircraft that operates from Nigeriaís international airports, other agencies all benefit from a five percent ticket sales tax paid on each ticket purchased by passengers to the NCAA and shared to the other agencies. 

 
We’ll Ensure Transparency in Airports’ Concession, New National Carrier – FG

Minister  of state for aviation: Sen Hadi Sirika Photo credi: DailyTrust

The Federal Government has assured aviation stakeholders that it would ensure transparency in the planned concession of airports and creation of a new national carrier for the country. The Minister of State, Aviation, Mr Hadi Sirika, gave the assurance at the Second Aviation Stakeholders’ Forum in Lagos.
The News Agency of Nigeria (NAN) reports that the government had indicated interest to concession airports in Lagos, Abuja, Kano and Port Harcourt in order to increase their capacity and efficiency.
Sirika disclosed that transaction advisers that would be saddled with coordinating both projects would be announced by the government within the next two weeks.
He reaffirmed that concession was not tantamount to privatisation or outright sale, explaining that the facilities involved in the exercise remained the property of Federal Airports Authority of Nigeria (FAAN).
“Public-Private-Partnership and concession in the airports have never been done in a structured and transparent manner. The contracts are not properly prepared, no risk analysis and no financial models. Consequently, it is not surprising that they ended in litigation.
“I want to assure stakeholders that we will be transparent and the concession is in the best interest of the country,” he said.



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