Recently the Airline and African Development Bank Group recently signed a $7.8B funding deal to fund the project. The new facility will have 4 runways, handling capacity of 100 million passengers per year and an Aircraft Parking Capacity of 270 aircrafts. The project is set to be completed by 2029, positioning Ethiopia and Eastern Africa…
Ethiopian Airlines has signed a landmark agreement with the African Development Bank (AfDB) to develop Africa’s largest airport—the Bishoftu International Airport in Ethiopia. The $7.8 billion project aims to dramatically scale up Ethiopia’s aviation capacity, to handle 60 million passengers annually by 2040, up from the current 17 million. CEO of Ethiopian Airlines Group, Mr….
It should be clear and simple enough that the pricing by those other airlines is solely aimed around removing airpeace from the equation. Airpeace is the savior here. They cannot underprice themselves out of profitability or even to stay afloat. They are equally employing Nigerians more than the other hawks even while charging very exploitative…
Herbert Wigwe, the co-founder of Access Bank and the founder of Wigwe University, is dead. He was also the CEO of Access Holdings, the parent company of Access Bank. He died in a fatal helicopter crash in California, with five others on board. The chopper was headed to Las Vegas when it crashed near a…
A few days after the Central Bank of Nigeria, CBN, announced plans to permanently relocate some key departments from Abuja Headquarters to Lagos, the Federal Airport Authority of Nigeria, FAAN, will be following suit. According to an internal memo dated January 15, 2024, and signed by the managing director and chief executive of FAA, Olubunmi…
BY CLAIRE SAVAGE A plane taxiing for departure clipped another aircraft at Chicago O’Hare International Airport on Sunday evening, the Federal Aviation Administration said Monday. No injuries were reported, both planes were of Boeing design, and the FAA says it will investigate the incident. The left wing tip of Flight 11 from All Nippon Airways,…
The Minister of Aviation and Aerospace, Festus Keyamo, has said regulators will force airlines to compensate passengers for delayed or cancelled flights from January 2024. Keyamo spoke while appearing before the National Assembly joint committee on aviation to defend his ministry’s budget for the 2024 fiscal year. He said: “I said on a weekly basis,…
Odengene Air Shuttle (OAS) Helicopters; an offshore and allied aviation services company, has announced acquisition of a new equipment, 2023 model Leonardo AW-139. OAS, one of the leading indigenous helicopter companies with many years of experience, known for efficiency, safety and a multi-services provider in the sub-sector in a statement issued on Friday, said that…
By Adekunle Dada Bishop David Oyedepo said that he and his church are just changing planes like we change bicycles, Oyedepo said it is possible for them to change planes because of God’s blessings upon his life and ministries. He explained that he never went after God’s blessing with human energy after God told him…
As we take seriously, the need for a realistically more robust economic activities cum development of Southeast Nigeria where potentials of Ndigbo could be harnessed and deployed towards the end of attaining the full economic potential possibilities and economy of scale befitting of a people whose ingenuity and can-do spirit permeate all spheres of business…
