H1 2026 Review: Airlines battle rising operational costs, FAAN faces policy hurdle
Akwa-Ibom state-owned airline, Ibom Air, said the cost of fueling its aircraft tripled between January and April from an average of N2.1m per flight in January to N7.6m in April
We generated N36bn revenue in 2014—TICO
Despite Airlines’ Zero Commission policy in the aviation market, Travel Investment Company Limited, TICO, generated N36 billion revenue in business transaction in 2014. This was possible because the company has been able to “ shift from a commission-revenue model to service-fee model”.
FAAN’s Director of Finance appointment not terminated — FG
The Federal Government, through the Federal Airports Authority of Nigeria, FAAN, weekend explained the recent controversy surrounding the appointment of the Federal Airports Authority of Nigeria, FAAN, Director of Finance, Mr. Tochuku Bede Uchendu. It was reported by a section of the media that he was sacked by the Aviation Minister, Chief Osita Chidoka because he granted an unauthourised waivers worth over N1 billion.
Domestic airlines lack service delivery mechanism, says Chidoka
“We have invested heavily in equipment like the elevator, the track system, we have an automated car park which can handle about 800 cars per day, We have changed all the 45 check-in counters, We have put in place Baggage Reconciliatory System (BRS) as recommended by the International Civil Aviation Organisation (ICAO). By August we are going to have 21 Automatic Teller Machine (ATM) compared to what we have now which is 6, we have created our own Ambulance and clinic” he added.
Airlines operators lack knowledge, experience to operate PBN —Experts
Experts in the aviation sector have decried the inability of most airlines operators to effectively use the Performance Based Navigation (PBN) due to lack of adequate experiences and knowledge on the part of the operators. They however argued that even though the PBN was a new phase in the aviation industry, that for it to be effective and fully operational in the aviation industry, it was expected that operators should be well grounded in it with a lot of experiences.
Airport passengers groan as FAAN introduces new shuttle bus rules
Airport passengers have been groaning as they are left stranded at various bus-stops along the Ikeja-Airport road due to shortage of airport shuttle buses because of the new rules introduced by Federal Airport Authority of Nigerian, FAAN. FAAN had instructed the drivers to replace their old buses with new ones and the operators have been finding it difficult to purchase new buses.
