Below you'll find a list of all posts that have been tagged as “#LOSSES”
Captain Rabiu Hamisu Yadudu, Managing Director of the Federal Airports Authority of Nigeria (FAAN), has revealed that Nigeria lost $2.5 billion (about N1.25 trillion) in MRO investments in neighboring countries in 2021, stating that such investments would have created more employment opportunities for Nigerians, revenue generation and training of technical personnel for maintenance of aircraft. Capt. Yadudu made this known …
Slow vaccination will reduce international travel in Africa The International Air Transport Association (IATA) expects net airline industry losses of $47.7 billion in 2021 (net profit margin of -10.4%). This is an improvement on the estimated net industry loss of $126.4 billion in 2020 (net profit margin of -33.9%). Willie Walsh, IATA’s Director General said: “This crisis is longer and …
