Nigerian flag-carrier airline set for take-off, with Ethiopian at the helm
Can a new Nigerian carrier, 49%-owned by Ethiopian Airlines, Africa’s most successful, transform the hamstrung ...
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
Airlines have had little joy with Nigeria recently. Many have pulled out, as the country is estimated to be withholding more than $500m in airline revenues. But those which continue to operate there face another problem – no fuel. The west African coast is facing a shortage which is likely to affect the Christmas season. While airlines had been looking to refuel in Ghana instead, some are now flying to Libreville in Gabon, as Ghana too is facing shortages.
Nigeria imports Jet-A1, the price of which has climbed more than 130% in Lagos in the past 12 months. Ghana slashed its jet fuel price to attract airlines – but now is running dry.
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