Air freight demand decreases 4.7% in February

The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased 4.7percent in February 2019, compared to the same period in 2018. This was the fourth consecutive month of negative year-on-year growth and the worst performance in the last three years. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.7percent year-on-year in February 2019. This was the twelfth month in a row that capacity growth outstripped demand growth. Demand for air cargo continues to…

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N6.8bn fraud: Ex-GTB official testifies against ex-NAMA MD, Abdulsalam, others

The Economic and Financial Crimes Commission (EFCC) on Wednesday called  its third witness in the trial of the former managing director of Nigerian Airspace Management Agency (NAMA), Mr. Ibrahim Abdulsalami and six others over alleged N6. 850, 447, 609. 90 billion fraud in the case at the Federal High Court, Lagos, Others standing trial on the alleged fraud alongside the former managing director are: Adegorite Olumuyiwa, Agbolade Segun, Adegorite’s wife, Joy Ayodele Adegorite, who is the managing director of Multeng Travels and Tours Limited; Clara Aliche, and  two Limited Liability…

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AIB to review proposed Civil Aviation Regulations 2019

Accident Investigation Bureau (AIB) Nigeria will be hosting a two-day Stakeholders Forum to review its proposed  Civil Aviation Regulations of 2019, on the 4th and 5th April 2019 at Radisson Blu, Ikeja, Lagos State. The aim of the Forum is to engage stakeholders on the proposed amendments to the Civil Aviation (Investigation of Air Accidents and Incidents) Regulations, 2016 and discuss the promotion of aviation safety. ThE Forum will attract stakeholders from different segments of the aviation sector to deliberate on the Bureau’s amended regulations, which will guide the agency in carrying…

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Air Peace orders 30 brand new E195-E2 jets in $2.1bn deal with Embraer

Air Peace today (Wednesday) set a continental record with a firm order for 10 brand new Embraer 195-E2 aircraft. The deal which was unveiled today (Wednesday) during Embraer Business Meeting with the Aviation World in Port Louis, Mauritius, makes Air Peace the first to order the brand of jets in the whole of Africa, thereby becoming the official launch customer of the brand of aircraft in Africa. The order comprises purchase rights for a further 20 E195-E2 jets. The aircraft is a 124 seater jet in dual class and 146-seater…

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