Business Hilights

Tracking Nigeria's Headline Business News Online

Alexandre de Juniac

High airfares due to rising oil price may upturn projected global boom in travels

The projected rise in global air travels this year has come under serious threat by high cost of Aviation fuel, Jet A1, occasioned by high crude oil price. It would be recalled that commercial airlines netted $34.5b which amounts to…

Sub-Saharan Africa recorded rare zero passenger fatalities in 2016— IATA report

Contrary to earlier speculations, the International Air Transport Association (IATA) has reported that sub-Saharan African aviation sector had zero passenger fatalities in 2016. The latest report of the international body showed that the jet hull loss rates by region of…