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OPEC recruits Russia’s support on production cut

Saudi Arabia and other members of the Organisation of Petroleum Exporting Countries are seeking to win support from Russia to join them in new additional oil output cuts to prop up prices, which have tumbled by a fifth this year because of the coronavirus outbreak. A technical panel of several representatives from OPEC states, Russia …

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Oil prices tumble over Coronavirus fears, sinks below $50

Coronavirus panic also sent global stock markets and industrial and precious metals prices tumbling, with losses amounting to $5 trillion. The international oil benchmark, Brent crude, has tumbled below the $50 per barrel mark as the spread of coronavirus stoked fears that a slowing global economy would hit energy demand. Brent, which rose to as high …

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Nigeria shortlists Egypt Air, Ethiopian Airlines, others for aircraft maintenance/leasing deal

The Nigerian Government last week shortlisted Ethiopian Airlines and a consortium of A. J. Walters/Glovesly/Egypt Air for its proposed aircraft Maintenance Repair and Overhaul facility. The consortium of A. J. Walters/Glovesly/Egypt Air was also shortlisted as the preferred bidder for FG’s Aviation Leasing Company. The Director, Public Affairs, Ministry of Aviation, James Odaudu, said in …

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Nigeria Finally tackles poor navigational infrastructure with CAT 3 Instrument Landing System in 2 Airports

The Nigerian Airspace Management Agency (NAMA) has commissioned its newly installed Category 3 Instrument Landing System (ILS) at Runway 18 Right, Murtala Muhammed International Airport, Lagos as well as Runway 22 at the Nnamdi Azikiwe International Airport, Abuja. In the same vein, it revealed that a flight commissioning of the newly installed Doppler Very High-Frequency …

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African Airlines Spend about $3.5bn Yearly Overseas on Maintenance

Investigations reveal that expenditure by airlines for maintenance, training of personnel and funds repatriated by foreign airlines yearly has been put at $3.5 billion,  The expenditure also included the cost of reinsurance with international companies and purchase of aircraft spare parts. The figures were compiled from data made available by the International Air Transport Association …

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Ethiopian Airlines remains top in Africa, Services 129 destinations in 75 countries

Africa’s largest carrier, Ethiopian Airlines has continued to consolidate its leading control of the continent’s airspace as it has increased its route network to serve 129 destinations across 75 countries. According to anna. aero, China is its leading country by total seats, as a result of the estimated 2.5 million passengers between China and Africa. …

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Nigeria’s Government to explore rail transport in moving gas, petrol around the country

Plans are underway towards adopting rail transportation in the movement of petrol and cooking gas around the country. This is information released by the Petroleum Equalisation Fund (PEF)  The parastatal had lamented that fuel depots have been at the mercy of vandals with a fleet of tankers posing huge risks to lives and properties daily. …

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Rwanda, Tunisia Sign Bilateral Aviation partnership

Rwanda and Tunisia recently signed two milestone agreements on civil aviation, marking an important step to upgrade the rules and standards for flights between the two countries. According to journalducameroun.com, the pact was signed on the sidelines of African Union (AU) summit in Addis Ababa, Ethiopia by the Tunisian Secretary of State for Foreign Affairs …

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Qatar Airways acquires 49 per cent stake in Rwanda’s national carrier

Gulf carrier, Qatar Airways recently acquired 49% stake in Rwanda’s national carrier, Rwand Air as it prepares to deepen its African operation in the aviation industry. The move might is the fruition of bilateral talks held between both countries’ leaders last year in Kigali. According to atqnews.com, the Amir Sheikh Tamim bin Hamad Al Thani …

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Poor weather disrupts flight operations across West Africa

Due to extremely poor visibility conditions throughout the West African region, a large number of flights are experiencing significant disruptions, including delays, cancellations and diversions. International airlines operating along the West Coast are having a hard time operating due to the weather and are either asking passengers to be patient for improved weather conditions or …

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