Would you like to receive notifications on latest updates of the following headlines?

African Aviation Forum Exposes Why Continent's carriers Not Thriving

POSTED ON April 25, 2024 •   Business      BY Abiodun Saheed Omodara
Ethiopian Airlines l Credit: BBC l Source: bbc.com

The Ethiopian Airlines' Group Managing Director, Mesfin Tasew, says "There is no conducive environment for African airlines to flourish and grow." 

He stated this during the ongoing African Aviation MRO Africa in Addis Ababa, Ethiopia with the theme: ‘Strengthening Africa’s MRO and Training Capacity for the Future’. 

Tasew said that the challenging situation faced by numerous airlines in Africa is due to the absence of a favorable environment for the growth of the continent's carriers. 

At the panel discussion moderated by the convener of the summit and the Chief Executive Officer of African Aviation Services Limited, Mr. Nick Fadugba, Tasew took a swipe at the manner some African nations protect their carriers when they are signatories to the Single African Air Transport Market (SAATM) which liberalises air transport in the continent and helps to ease travel connections within the region.

“The cost of operation in Africa is very high; high taxes and very low level of infrastructure and a lack of access to Forex. That is the reason Nigerian airlines complained to the government to assist them access Forex to buy spare parts."

READ ALSO
German eye Nigeria's mineral wealth as foreign direct investments surge
BY Abiodun Saheed Omodara April 3, 2025 0

Ongoing initiatives to draw in Foreign Direct Investments (FDIs) seem to be bearing fruit, as certai...

READ ALSO
FG signs $174.6M agreement with UNIDO to enhance Nigeria's industry
BY Abiodun Saheed Omodara April 3, 2025 0

The Federal Government and the United Nations Industrial Development Organisation (UNIDO) have enter...

READ ALSO
FG signals tough stance on underdeveloped Oilfields, calls for strategic IOC investments
BY Abiodun Saheed Omodara April 2, 2025 0

The Federal Government expressed its worries on Tuesday about the growing number of idle and underde...

READ ALSO
Fuel prices expect to fall below N750 by Year-End - NIPSS
BY Abiodun Saheed Omodara April 2, 2025 0

The National Institute for Policy and Strategic Studies (NIPSS) has said that with Dangote Refinery...

READ ALSO
CBN's strategic policies lead to significant increase in Nigeria's Net FX reserves
BY Abiodun Saheed Omodara April 2, 2025 0

Nigeria's net foreign exchange reserves (NFER) stood at $23.11 billion at the conclusion of the prev...

READ ALSO
NSIA reports ₦3.74Trn profit, celebrating 12 years of continuous profitability
BY Abiodun Saheed Omodara April 1, 2025 0

ABUJA, Nigeria - THE Nigeria Sovereign Investment Authority (NSIA) reported generating approximately...

READ ALSO
Insurance leaders advocate for AfCFTA adoption to drive economic progress
BY Abiodun Saheed Omodara March 21, 2025 0

Stakeholders within the insurance sector have urged operators to capitalize on the African Continent...

READ ALSO
Nigeria's Debt Soars: To exceed N155 Trillion by 2025 amidst economic strain
BY Abiodun Saheed Omodara March 21, 2025 0

The United Nations Conference on Trade and Development (UNCTAD) has indicated that many countries, p...

OUR CHANNELS:

Plateau partners NRC to revitalize Jos–Kuru railway corridor
BY Abiodun Saheed Omodara April 8, 2025 0

PLATEAU, Nigeria (NAN) - The government of Plateau State has entered into a Memorandum of Understand...


NiMet warns of high temperatures, possible thunderstorms
BY Abiodun Saheed Omodara April 8, 2025 0

ABUJA, Nigeria (NAN) - The Nigerian Meteorological Agency (NiMet) has forecasted sunny weather and t...


Nigeria, Sweden unite for sustainable development and economic growth
BY Abiodun Saheed Omodara April 8, 2025 0

ABUJA, Nigeria (NAN) - Nigeria and Sweden reaffirmed their dedication to enhancing bilateral relatio...


FG unveils MAMII to ensure safe deliveries and healthier mothers
BY Abiodun Saheed Omodara April 8, 2025 0

In an effort to decrease maternal mortality rates, the federal government has initiated the Maternal...


I am raising funds for my release- 2face Idibia
BY Abiodun Saheed Omodara April 8, 2025 0

Multiple awards winning singer, Innocent Idibia, popularly called 2Baba, has faulted the claim by hi...


Wife urge court to remand Husband over assault
BY Abiodun Saheed Omodara April 8, 2025 0

LAGOS, Nigeria - A mild drama unfolded on Monday at the Ojo Magistrates’ Court in Lagos State...


FG allocates N2.035bn to enhance basic education across Nigeria
BY Abiodun Saheed Omodara April 8, 2025 0

ABUJA, Nigeria - The Federal Government has allocated N2.035 billion to 1,147 school-based managemen...


NDPC launches initiative to combat cyberbullying, financial fraud through data protection
BY Abiodun Saheed Omodara April 9, 2025 0

The National Data Protection Commission (NDPC) on Monday reiterated its dedication to enhancing data...


Lagos-Calabar coastal highway to feature climate-resilient design- Minister of Works
BY Abiodun Saheed Omodara April 9, 2025 0

The Minister of Works, Sen. Dave Umahi, has assured that the Lagos-Calabar Coastal Highway is being...


One dead, three injured in Lagos explosion involving military-grade grenade
BY Abiodun Saheed Omodara April 8, 2025 0

LAGOS, Nigeria - The Lagos State Police Command has reported one fatality from the explosion that to...


More Articles

Load more...

Menu