African skies, once teeming with planes and the promise of seamless travel, are witnessing an unusual stillness. Airlines across the continent are grappling with a crippling shortage of aircraft spare parts a crisis reverberating from hangars in Nairobi to runways in Dakar, leaving passengers stranded and business operations disrupted. According to the International Air Transport …
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has clarified that the new tax law is intended to support rather than harm the aviation industry. His clarification follows a recent claim by the Chief Executive Officer of Air Peace, Allen Onyema, that the reform will hurt the industry. Contrary to misconceptions, …
Maintenance costs incurred by airlines in Nigeria are expected to reduce by over $200 million annually as the Federal Government, Boeing, and the UK-based Cranfield University partner to set up a world-class Maintenance, Repair, and Overhaul (MRO) facility in Nigeria. President Bola Tinubu, who made this known last week during the maiden Nigerian International Airshow, …
Nigerian airlines have spent an estimated US$5 billion (N7.5 trillion at N1500 per $) on aircraft maintenance abroad over the past five years, as they continue to ferry their fleets to other countries for major maintenance, particularly the extensive “C-checks”. The absence of a fully equipped domestic Maintenance, Repair and Overhaul (MRO) facility capable of …
