Business Hilights

Tracking Nigeria's Headline Business News Online

Bilateral Air service Agreements (BASA)

Sixth new Embraer Jet for Air Peace arrives as firm seeks BASA destinations access

Emerging leaders in domestic aviation sector, Air Peace has taken delivery of another 50-seater Embraer 145 jet, bringing the number of such aircraft in its fleet to six. The aircraft, according Air Peace, is part of the vision of providing…

Current underpricing of airfares pursued Nigeria Air investors, Airk, Aero buyers

…As local market rivalry, industrial disharmony, policy crisis hobble existing airlines   Strong indications have emerged on why upon earlier interests; all prospective foreign investors in Nigeria Air suddenly developed cold feet after the unveiling of the national carrier in…

FG’s intervention needed for Air Peace to fly designated international routes—Experts

Aviation pundits have argued that unless federal might is involved, Air Peace may continue to wallow in futility assessing approvals from operators of international destinations which the Ministry of Aviation had long allowed. Otherwise, the airline is yet to embark…

Mandate domestic airlines to begin operations from 20 aircrafts—Experts

To limit the recurring cases of bankruptcy and loan defaults, leading stakeholders in the nation’s aviation industry have called on the Federal Government to enact a law that will make it mandatory for domestic airlines to have minimum of 20…

Inability to service BASA deals sealed by Nigeria, 88 others driving capital flights, job loss

Investigations by Business Hilights Aviation team have revealed that Nigeria had signed Bilateral Air service Agreements (BASA) with about 88 countries across the world, but has failed to effectively reciprocate the agreements. The development has resulted in massive capital flight…