AVIATION

Arik Air, one of Nigeria's leading airlines, plans to raise as much as $1 billion through a Private Placement next year and then a possible Initial Public Offering (IPO) in Lagos and London, its Managing Director told Reuters. According to Reuters’ report monitored by Business247 News Online,the airline wants to...

Kenya Airways (KQ) has announced the suspension of flights to Abuja in Nigeria and Gaborone in Botswana from November 15 as part of its latest network restructuring. However, Gaborone will continue to be served multiple times a day together with partners via Johannesburg. KQ flies three times a day to...

Arik Air, Nigeria's largest airline, cancelled all of its flights on Tuesday in what it called a temporary disruption related to insurance renewal, it said in a statement on Tuesday. The company said the disruption was likely to continue for the next few days as it awaited approve from national...

Arik Air has reportedly cancelled its September 12 flight to Nigeria without telling the passengers the reasons behind surrounding such unilateral decision. Passengers who're yet to board the aircraft got the rudest shock of their lives when the cancellation was officially announced around 9.48pm Tuesday night (Sept 12). There was...

Foreign airlines flying to Nigeria have started to refuel abroad to bypass pricey and increasingly scarce, jet fuel as the country battles a hard currency shortage that has made fuel available only at a very high price. According to Reuters report monitored by Business247 News Online, “It is the second...

Aero Contractors Airlines on Wednesday said that it would  suspend all its scheduled services indefinitely from Thursday September 1, 2016. The airline’s Chief Executive Officer, Mr Fola Akinkuotu, explained in a statement in Lagos that the management decision was part of the strategic business realignment to reposition the airline and...

There was pandemonium at the Arik Air Stand at the Ibom International Airport in Uyo, Akwa Ibom State, over the refusal of the management of the airline staff to explain the incessant cancellation of flights to agitated passengers. The passengers were booked on an Arik Air flight W3 417 to...

Indigenous flight operator, Dana Air has kicked off daily flights from Lagos to Owerri with an introductory online fare of N12,600 for a one-way ticket. The Manager of Dana Air, Mr. Obi Mbanuzuo in a chat with journalists in Lagos, said the carrier is committed to providing safe, reliable and...

The Nigeria Civil Aviation Authority (NCAA) has ordered all airlines selling flight tickets in dollars to desist forthwith, describing the action as a flagrant contravention of Central Bank of Nigeria's (CBN) "prerequisite guiding cost of products or services in Nigeria." The agency which said it had already written to the...

Ethiopian Airlines has introduced the new addition to its fleet aeroplanes, newest aircraft in the world, Airbus A350, to the Nigerian route. Lagos and Dubai are the first stations to receive the newest aircraft, the airline stated. The airline said in a statement: "Ethiopian is pleased to make all Africans...