The implementation of the Single Air Transport Market would increase the aviation sector’s contribution to the country’s Gross Domestic Product by 5.1 per cent annually, the African Civil Aviation Commission has stated.
 
The Secretary-General of AFCAC, Olufunke Adeyemi, stated this on Tuesday at the ongoing SAATM Pilot Implementation project workshop in Abuja.
 
According to her, following the econometric forecast of aviation traffic as a function of GDP, passenger volume to and from Nigeria has been projected to continue to grow at 3.3 per cent annually.
 
Adeyemi added that the full implementation of the SAATM will increase the growth to 5.1 per cent.
 
More details at:
https://punchng.com/saatm-will-boost-aviation-gdp-by-5-1-says-afcac
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African airlines have recorded a 124 per cent growth in passenger traffic in the past year, the International Air Transport Association has said.
 
The Switzerland-based IATA, which represents international airlines globally, said the recovery in air travel demand was continuing in 2023, based on January traffic results. It said that in January 2023, African airlines’ passenger traffic rose by 124 per cent.
 
More details at:
https://punchng.com/african-airlines-record-124-passenger-traffic-growth-iata

The global aircraft maintenance, repair and overhauling market has expanded from $56.46 billion to $67.47 billion in the last year, representing a compound annual growth rate (CAGR) of 19.5 per cent.
 
Nigeria, with very few aircraft maintenance and repair overhaul centres, is among the players, which carriers take their airplanes to offshore locations for airplane major fixing.
 
According to regulatory data, Nigerian carriers spent over $2.5 billion fixing their aircraft in offshore locations.
 
More details at:
https://thenationonlineng.net/global-aircraft-maintenance-market-inches-towards-67-47b 

Passenger traffic in Nigeria’s aviation industry recorded a major rebound in 2022 with over 16m passengers recorded on both the domestic and international market, Daily Trust’s analysis of the 2022 Executive Summary of flight operations has revealed.
 
According to the summary released by the country’s Civil Aviation Authority detailing the number of flights operated by commercial airlines on both the local and international routes, 16,173,361 passengers were recorded in 2022.
 
This comprises 12,669,639 passengers by domestic airlines and 3,503,722 international passengers.
 
More details at:
https://dailytrust.com/nigeria-records-13-growth-as-airlines-airlift-16m-passengers 

The Global Aviation Maintenance Repair Overhaul (MRO) Logistics Market size was estimated at $ 2,664 million in 2022 and is expected to reach $11029 million in 2030 and projected to grow at a CAGR of 17.10% During Forecast Period 2022-2030.
 
The lack of functional aircraft maintenance facilities otherwise known as Maintenance Repair Overhaul (MRO) cost Nigeria $2.5 billion in 2021 in MRO investments in neighbouring countries like Ethiopia, Morocco, Egypt, United Arab Emirates, South Africa, and other nations with advanced maintenance facilities according to the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Capt. Rabiu Yadudu.
 
More details at:
https://www.newtelegraphng.com/mro-nigeria-takes-back-seat-as-market-size-approaches-110bn
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No fewer than 5,323,905 passengers passed through Nnamdi Azikiwe International Airport, Abuja, between January and December 2021. This shows a 37.23 per cent increase from 2020.
 
He further said that in 2018, the International Civil Aviation Organization audited the airport and certified it safe for flight operations with a 96 percent score, noting that the recertification process was ongoing.
 
“The trajectory of progress has been upward ever since, as passengers and stakeholders have commended the level of facilities and service delivery at the airport. As a testament to this, the airport was adjudged the Best Airport in Safety for the year 2018 by Airport Council International, Africa Region. The airport also received ACI’s Airport Service Quality Award in the year 2020, amongst several others.
 
More details at:
https://punchng.com/abuja-airport-hosted-five-million-passengers-in-2021-faan

Airports in Nigeria had 15.8 million passengers passing through them in 2021, a 69 percent rise in air passenger rate, according to the Federal Airports Authority of Nigeria (FAAN).
 
The Managing Director of FAAN, Capt. Rabiu Yadudu who spoke at the 2022 Airline and Airport Business Summit, said the growth of air transport statistics has improved rapidly after the COVID-19 pandemic, disclosing that the passenger figure rose from 9.3 million in 2020 to 15.8m in 2021, showing an increase of 69% while aircraft movement increased by over 46% after the COVID-19.
 
On cargo movement, Yadudu said 191,000 tons of cargo were recorded in 2020, but rose to 381,000 tons in 2021, adding that the authority is working with other stakeholders in the air cargo logistics value chain to improve cargo export.
 
More details at:
https://dailytrust.com/nigerian-airports-processed-15-8m-passengers-in-1-year
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Nigeria’s leading airline, Air Peace, has concluded plans to extend its wings to Guangzhou, China, and Mumbai, India, with scheduled flight operations this month. The airline has also disclosed that Israel will soon join its international network.
 
Olisa stated that these new destinations were further testimony to the airline’s determination to connect Nigerians seamlessly to other parts of the world and deepen socio-economic ties between Nigeria and both countries.
 
More details at:
https://dailytrust.com/air-peace-begins-direct-flight-to-china-next-week

It is estimated that politicians may spend over $500 million on aircraft charter services for the 2023 election when the Independent National Electoral Commission (INEC) gives a go-ahead for electioneering campaigns.
 
That is half of what was projected that All Progressives Congress (APC) and the Peoples Democratic Party (PDP) would spend during the campaigns for the 2019 election, put at $243 million. According to sources involved in charter operations, the 150 in addition to few privately owned aircraft were even more than the demand by the political parties because of the low-key campaigns.
 
But the normal cost of charter service prices four years ago was from $4,500 to $7000 per hour. This means that each aircraft makes an average of 90 operations in a month at an estimated cost of $6000 per trip.
 
More details at:
https://www.thisdaylive.com/index.php/2022/07/08/private-jet-charter-services-gears-up-for-big-business-in-2023/

At least 17 airports under the management of the Federal Airports Authority of Nigeria that are currently not up for concession are going to be given to concessionaires, the Federal Government announced on Thursday.
 
It also announced that the country’s civil aviation regulations were currently being reviewed for unbundling in order to make the entry requirements for aviation investors much easier. The Minister of Aviation, Hadi Sirika, who disclosed this at the ongoing National Aviation Conference in Abuja, stated that aside from the current concession of Nigeria’s major international airports, other airports would follow suit.
 
More details at:
https://punchng.com/fg-plans-17-airports-concession-to-unbundle-aviation-regulations/