Commercial airlines operating around the world have made an estimated net profit of $34.5 billion as global passenger traffic results show demand for air travel has risen. In 2016 the industry made net profit of $35.3 billion and $38.4 billion is forecast for 2018. While African airlines made net profit of $8.2 billion in 2016, … Read more
Mr. Richard Aisuebeogun, Former Managing Director of Federal Airport Authority of Nigeria (FANN), has called for the commercialisation of airports in Africa to support the Aviation industry. He said until countries see this as a commercial entity, the growth of the industry would remain stunting. Mr. Aisuebeogun was speaking at the 12th Edition of Akwaaba … Read more
Nigeria misses out in air passenger growth projection for African nations – Report Global demand to double by 2035 Growing population of the country notwithstanding, Nigeria missed out among top 10 African countries with fastest growing market for air passenger and potential growth in the next 20 years. The International Air Transport Association (IATA) in … Read more