Saturday, April 17African Business News
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Tag: Alexandre de Juniac

Airliners bicker over N4b bailout sharing formula

Airliners bicker over N4b bailout sharing formula

Aviation
Some airline operators have expressed displeasure over the sharing formula adopted for the distribution of N4 billion aviation bailout funds, saying it skewed the largesse in favour of few airlines. The complainants, who operate smaller capacity, were displeased with the ratio 70:30 adopted between the schedule and non-scheduled carriers. As of yesterday, the likes of Air Peace, Azman, Arik, Aero Contractors, Overland, and Dana Air had been listed as the biggest beneficiaries. The Federal Government had, last week, shared the sum of N4 billion bailout funds among a total of 18 scheduled and non-scheduled carriers. The special intervention was thrown open to all airlines with a valid Air Operating Certificate (AOC) and distributed according to the size of the carrier. The pa...
Aviation bodies seek bailout to save 4.8 million

Aviation bodies seek bailout to save 4.8 million

Aviation
The International Air Transport Association (IATA) and the International Transport Workers’ Federation (ITF) have again appealed for urgent government intervention to prevent an employment catastrophe in the global aviation industry. Estimates from the Air Transport Action Group suggest some 4.8 million aviation workers’ jobs are at risk as a result of air travel demand falling more than 75 per cent – August 2020 compared to August 2019. The impact of COVID-19-related border restrictions and quarantine measures has effectively closed down the aviation industry, grounding planes and leaving infrastructure and aircraft manufacturing capacity idle. The Nigerian Government has disclosed plans to support operating carriers with N4 billion, which stakeholders have de...
African air cargo demand surges amid global downturn

African air cargo demand surges amid global downturn

Aviation
Air cargo demand and movement have recorded a surge in the African region, though global demand still remains weak on account of the COVID-19 aviation disruptions. The International Air Transport Association (IATA) in the September data for global air freight markets showed that air cargo demand, while strengthening, remains depressed compared to 2019 levels. According to the data, African airlines saw demand increase by 9.7 per cent year-on-year in September. This was the fifth consecutive month in which the region posted the strongest increase in international demand. Investment flows along the Africa-Asia route continue to drive the regional outcomes. International capacity decreased by 24.9 per cent. However, global demand, measured in cargo tonne-kilometres (CTKs), was ei...
Foreign air traffic shows no signs of recovery

Foreign air traffic shows no signs of recovery

Aviation
About a month after international flight operations resumed in Nigeria and other countries, air traffic is not showing signs of recovery, suggesting global traveller apathy and adverse impact of border restrictions. In the African region, for instance, African airlines’ traffic sank 90.1 per cent in the last one month, though slightly improved over a 94.6 per cent decline in July. Capacity contracted 78.4 per cent, and load factor fell 41.0 percentage points to 34.6 per cent, which was the lowest among regions.In a similar vein, the International Air Transport Association (IATA), has downgraded its traffic forecast for 2020 to reflect a weaker-than-expected recovery, as evidenced by a dismal end to the summer travel season in the Northern Hemisphere. IATA now expects full-year 20...
Airlines, airports’ council seek harmonised measures for air travel restart

Airlines, airports’ council seek harmonised measures for air travel restart

Aviation
World airlines and airports’ council yesterday, sought a harmonised and globally acceptable safety and security measures ahead of air travel restart is many parts of the globe. The bodies were worried by selective safety measures like mandatory 14-day quarantine for arriving passengers in some countries including Nigeria, and physical distancing onboard, both of which have been described as injurious and unsustainable to already beleaguered aviation business. The Airports Council International (ACI) World, and the International Air Transport Association (IATA), specifically called on governments to ensure any new measures introduced for airports and airlines in the wake of COVID-19 are supported by scientific evidence and are consistent across the world. Indeed, the aviation s...
Airlines, workers rally governments to save 25 million aviation jobs

Airlines, workers rally governments to save 25 million aviation jobs

Aviation
The International Transport Workers’ Federation (ITF) and the International Air Transport Association (IATA) have urged governments to support the aviation industry by protecting 25 million jobs and sustaining air transport services. The call is coming a day after the Airline Operators of Nigeria (AON) called for intervention funds at less than five per cent subsidy and waivers to keep the distress carriers afloat. At the weekend, Arik Air slashed April salaries by 80 per cent, while 90 per cent of the workforce was made to proceed on vacation without pay. Indeed, the economic situation facing the aviation industry is severe. Global air passenger demand is down 80 per cent. Airlines are facing a liquidity crisis, which threatens the viability of 25 million jobs directly and indirect...
Airlines, shippers rally governments to new safety procedure for crew

Airlines, shippers rally governments to new safety procedure for crew

Aviation
The International Air Transport Association (IATA) and the International Chamber of Shipping (ICS) have called on governments to take urgent measures to facilitate crew change flights for seafarers. Due to the COVID-19 restrictions, seafarers have had to extend their service on-board ships after many months at sea, unable to be replaced following long tours of duty or return home. Indeed, shipping is vital to the maintenance of global supply chains, but the current situation is unsustainable for the safety and wellbeing of ships’ crews and the safe operation of maritime trade. Each month, about 100,000 merchant seafarers need to be changed over from the ships on which they operate to ensure compliance with international maritime regulations protecting safety, health and welfare. ...