News

From all indications, the federal government is set to pay workers of the liquidated Nigeria Airways staff their full benefits about 13 years after liquidation. Daily Times investigations revealed that the government has done all necessary verifications to ensure payment of the workers whose over 30 percent had died as …

Aeroflot has been named the most powerful airline brand in the world by leading valuation and strategy consultancy, Brand Finance, with the Russian company “surprisingly” leaving reputable American and Gulf carriers behind. The young fleet’s excellent safety record and sponsorship of football giant Manchester United, as well as successful marketing …

Delta Air Lines is paying out $1.1 billion in profit sharing to its employees, including more than $392 million to its employees in metro Atlanta. The Feb. 14 Delta profit sharing payout is smaller than the airline’s $1.5 billion payout last year with $541 million going to local employees, but will still make …

More than seven kilograms of cocaine were found hidden under an airplane’s catering carts at Toronto’s Pearson International Airport, according to the Canada Border Services Agency (CBSA). CBSA officers noticed “anomalies” on the aircraft’s food trolleys while searching an unspecified aircraft on Feb. 8. After an “intensified investigation,” officers discovered seven brick-shaped packages attached to the …

It’s a bird, it’s a plane, it’s a … deer? An American Eagle flight struck a deer while taking off from the Charlotte, North Carolina international airport, forcing it to turn around mid-air and abort a flight to Gulfport, Mississippi. The Federal Aviation Administration said in a statement that the …

The Asset Management Corporation of Nigeria on Wednesday said Arik Air and the other firms belonging to its principal promoter, Johnson Arumemi-Ikhide, was indebted to it to the tune of N263.7bn, Punch reports. This is apart from the different amounts owed other creditors and members of staff in the form …

Arik Air has suspended its international flight operations to the London and Johannesburg routes. The spokesman of the Asset Management Company of Nigeria (AMCON), Mr Jude Nwauzor, made the announcement in a statement issued on Tuesday in Lagos. The News Agency of Nigeria (NAN) reports that AMCON had on Feb. …

  The ASSET Management Company of Nigeria, AMCON, the new management of Arik Air, has hired KPMG,  financial experts, to undertake a forensic and diagnostic audit of the finances of the airline to ascertain the true position of its finances. According to Vanguard, the audit, will enable AMCON know with …

OAS Helicopters: taken over by AMCON   The Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services, known more as OAS Helicopters in Lagos following a court order. It was the third aviation firm to be taken over by the bad bank in four months. The News …

  Africa’s largest airline group, Ethiopian Airlines, ranked 11th worldwide in flight on-time performance for the month of January 2017, according to FlightStats, the leading provider of real-time global flight data to companies and individuals across the travel ecosystem. Of the almost 8000 flights operated by the airline in January, …