Aviation News

Kenya to convert $243M debt in Kenya Airways into equity

Kenya to convert $243M debt in Kenya Airways into equity

Kenya will convert its $243 million in loans to Kenya Airways into equity, the government has said, as part of a broader restructuring to nurse the ailing airline back to financial health.

Hadi Sirika, Nigeria's Minister of State on Aviation

Nigeria plans to set up national airline, develop aviation capacity

Nigeria has appointed advisers to help it set up a national airline and develop its aviation infrastructure — currently seen as a barrier to economic growth — to create a hub for West Africa, junior aviation minister Hadi Sirika said earlier this month.

An Ethiopian Airlines plane arriving in the Nnamdi Azikiwe International Airport Abuja on Tuesday, the first flight after rehabilitation of the runway. Credit: Albert Otu/ICE/NAN/premiumtimesng.com

Nigeria reopens Abuja airport after completing runway repairs 24 hours ahead of schedule

Nigeria’s international airport in the capital, Abuja, has formally reopened after six weeks of urgent repairs to its runway.

Nigeria's leading hotel booking company Hotels.ng launches flight bookings

Nigeria's leading hotel booking company Hotels.ng launches flight bookings

Hotels.ng, Nigeria’s leading hotel booking company has rolled out a new service – online flight bookings – on its website.

Nigeria's largest airline Arik air to double fleet by buying mostly Boeing planes

Nigeria's largest airline Arik Air to double fleet by buying mostly Boeing planes

Nigeria’s largest airline Arik Air plans to nearly double its fleet to 52 planes within 10 years and has already ordered some of them from Boeing, a source at the company said on Monday.

Nigeria's largest airline Arik plans $1B share offer & possible London Stock Exchange listing

Nigeria's largest airline Arik plans $1B share offer & possible London Stock Exchange listing

Nigeria‘s largest airline Arik Air plans to raise as much as $1bn through a private share placement next year and then a possible initial public offering (IPO) in Lagos and London, its managing director said.

Kenya Airways in talks with 3-4 parties on stake sale, says CEO Ngunze

Kenya Airways in talks with 3-4 parties on stake sale, says CEO Ngunze

Kenya Airways is talking to “about three or four” foreign institutional investors and airlines about buying a stake to raise cash for the carrier, its CEO said last month.

Bugesera International Airport (Illustration)

Rwanda signs $818M deal for new international airport

Rwanda has signed a deal with the African division of Portuguese construction firm Mota-Engil to build an international airport at a cost of $818 million, the company and government officials said.

Ethiopian Airlines

The future of aviation in Africa (Video)

Africa is “the next and last frontier in globalization,” according to Tewolde Gebremariam, CEO of Ethiopian Airlines, who says that developing the aviation industry will be vital.

Nico Bezuidenhout, incoming CEO, FastJet

FastJet names Mango Airlines CEO Bezuidenhout as CEO

FastJet has hired Nico Bezuidenhout, CEO of Mango Airlines, South African Airways’ low cost unit, as CEO to help revive the U.K. discount airline following a plunge in its share price and an escalating spat with a top investor.

Fly540

Check out 10 airlines looking to change the face of Africa's skies (Photos & Video)

The future looks bright for air travel across Africa. It’s predicted that by 2034, 190 million more flights segments will be flown across the continent.

Flight attendants serve beverages aboard an Ethiopian Airlines 787 Dreamliner on a flight to Jomo Kenyatta International Airport.

Intra-African travel is about to become easier, safer and more open

Intra-African travel — which is critical to unlocking the region’s tourism potential — is set to become easier, safer and more open.

Jay Ireland, President, GE Africa

GE sees potential to double African revenue and employees in 5 years, says GE Africa President Jay Ireland

General Electric Co. sees the potential to double its African revenue and employees as the company expands in countries including Ethiopia and Mozambique, GE Africa President Jay Ireland said.

Africa’s commercial drones take off. Credit: Aero Shutter Ghana

Africa's commercial drones take off

Some of Africa’s first commercial drone startups are generating clients and income.

The airport will generate energy through photo-voltaic technology. Reuters/Enrique De La Osa/Quartz

South Africa just opened the continent's first solar-powered airport

South Africa has opened the continent’s first solar-powered airport in the Western Cape.

South Africa considers merging South African Airways and SA Express

South Africa considers merging South African Airways and SA Express

South Africa will explore merging two of its state-owned airlines, South African Airways (SAA) and SA Express, and seek a minority equity partner for the company, Finance Minister Pravin Gordhan said on Wednesday.

South African digital insurance distributor Hepstar raises $2M from UK-based Amadeus Capital

South African digital insurance distributor Hepstar raises $2M from UK-based Amadeus Capital

Cape Town-based digital insurance distribution startup Hepstar announces $2 million funding round from UK-based global technology investor, Amadeus Capital Partners.

South African Airways now flies to Abuja

South African Airways launches flights to Abuja, Nigeria

South African Airways (SAA) has introduced a second entry point to Nigeria in its quest to enable trade and unlock mobility, which will considerably add to business travel options in the West African region.

Africa's other "Big 6": Ethiopian Airlines, South African Airways, Arik Air, EgyptAir, Kenya Airways and Royal Air Maroc

Africa's other "Big 6": Jude Uzonwanne, Associate Partner, Dalberg Global Development Advisors

Africa’s vast skies are being mastered by the “Big 6”: Ethiopian Airlines, South African Airways, Arik Air, EgyptAir, Kenya Airways and Royal Air Maroc.

Jomo Kenyatta International Airport, Nairobi, Kenya

AfDB considering up to $100M loan to fund expansion of Kenya's Jomo Kenyatta International Airport

Jomo Kenyatta International Airport, Nairobi, Kenya The African Development Bank is considering lending the Kenya Airports Authority as much as $100 million…

General Electric Co (GE) CEO for Africa, Jay Ireland. Photographer: Patrick T. Fallon/Bloomberg

GE books $2.5B in African orders from oil to locomotives, beating 2018 target by $500M

General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola.

President Jose Eduardo Dos Santos (Left) walks with his French counterpart Francois Hollande by guards of honor at the Presidential Palace in Luanda on July 3, 2015 (AFP Photo/Alain Jocard)

France & Angola sign business deals from oil to hotels

France and Angola on Friday signed business agreements covering a wide range of economic sectors from oil to hotels, which are potentially worth several hundred million dollars, French officials said.

RwandAir

RwandAir to purchase two Airbus jets in expansion move

RwandAir has signed a deal with a regional African bank for a $160 million loan as part of the financing to buy two aircraft from Airbus, the airline and the bank said on Thursday.

Mango Airlines

10 budget airlines changing Africa's skies

Traveling across Africa’s huge distances can be expensive. Not that long ago, getting from one city to another often meant a connection in Europe. That’s finally changing.

Quick facts about travel to Ethiopia

Check out these quick facts about travel to and from Ethiopia, courtesy of Jovago (Infographic)

Check out this infographic showing some quick facts about travel to and from Ethiopia, courtesy of Jovago.

Flapp - New App Makes Flight Bookings On SA's Busiest Air Route Easy

Travelstart's new Flapp app makes flight bookings on South Africa's busiest air route easy

Travelstart, the leading travel booking site, today announced the launch of a brand new app for Android and iOS. Flapp, dubbed the ‘the two tap booking app’, is available to download for free from the Google Play Store and Apple’s App Store.

FastJet raises £50M for expansion into Kenya, South Africa, Uganda, Zambia, and Zimbabwe

FastJet raises £50M for expansion into Kenya, South Africa, Uganda, Zambia, and Zimbabwe

Fastjet, the low cost African airline backed by Easyjet founder Stelios Haji-Ioannou, has raised £50m to expand its fleet of three aircraft and to open up new routes.

Ethiopian Airlines in talks to set up national carriers in Nigeria, Uganda, South Sudan & the DRC

Ethiopian Airlines in talks to set up national carriers in Nigeria, Uganda, South Sudan & the DRC

Ethiopian Airlines Enterprise, East Africa’s biggest carrier by revenue, is considering proposals to help set up national airlines in Nigeria and three other countries to expand its operations on the continent.

A Kenya Airways jet arrives at Jomo Kenyatta International Airport in Nairobi. Africa’s aviation industry is booming. Photograph: Noor Khamis/Reuters

Africa's aviation industry is booming: Opening up Africa's airspace could make sky the limit (Video)

Glancing around a crowded terminal in Kenya’s Jomo Kenyatta airport, one of the busiest international hubs in Africa, it’s obvious that more passengers are streaming to the continent than ever before.

FastJet

FastJet seeks South African investors to fund growth in bid to become the "first pan-African discount airline"

FastJet Plc is approaching potential South African investors about buying stakes to finance a route expansion in the east and south of the continent and support its effort to become the first pan-African discount airline.

Charles Brewer, Managing Director for DHL Express Sub-Saharan Africa

DHL secures STAT Times International Award for "International All Cargo Carrier of the Year in Africa"

DHL Aviation, a part of DHL Express, the world’s leading international express services provider, has secured the title of International All Cargo Carrier of the Year in Africa at the STAT Times’ International Awards for Excellence in Air Cargo, held in Johannesburg, South Africa, on 26 February.

Nigeria: Racing ahead with ambitious infrastructure plans

Nigeria - Racing ahead with ambitious infrastructure plans: This is Africa/Financial Times (Infographic & Report)

Nigeria is a country of vast economic opportunity. It famously became the biggest economy in Africa in 2014, after an economic rebase almost doubled the size of its gross domestic product (GDP). At about $510bn, its economy is now bigger than South Africa’s (and among the top 30 in the world).

Air Nigeria plane

Nigeria's AMCON to sell Air Nigeria assets

The Asset Management Corporation of Nigeria (AMCON) has announced that it will sell three Boeing and Embraer planes, along with other assets, belonging to Air Nigeria.

Ethiopian Airlines

Ethiopian Airlines eyes African aviation liberalization in 2015

Ethiopian Airlines hopes a decision to open up intra-African aviation routes will be fully implemented in 2015, the airline’s chief executive said on Thursday.

Arik Air

Nigeria's Arik Air now accepting international mobile payments powered by SlimTrader

Arik Air has activated international payments on its mobile platform. Customers from anywhere in the world can now access Arik Air’s mobile site, search for tickets, select flights, and pay using credit and debit cards from Visa and MasterCard.

Osita Chidoka, Nigeria's Minister of Aviation

Nigeria is in talks with investors to set up national carrier airline: Osita Chidoka, Nigeria's Minister of Aviation (Video)

Nigeria is in talks with potential local and global investors to set up a national airline which is expected to launch in 2-4 years.

Arik Air

Nigeria's Arik Air launches frequent flyer program - Arik Affinity Wings

Arik Air, West and Central Africa’s largest commercial carrier, has launched a frequent flyer program, aligning its offering with the industry’s foremost airlines in the process.

Emirates

Emirates plans to expand in Africa with at least 10 new routes by 2025

Emirates, the largest international airline, is planning to expand in Africa with at least 10 new routes by 2025 and a jet fleet worth $10 billion to $12 billion, according to President Tim Clark.

Ed Winter, CEO, FastJet

FastJet in talks to add 10 Airbus A319s by end of 2015: Ed Winter, CEO, FastJet

FastJet Plc (FJET) said it’s in talks about adding more Airbus Group NV (AIR) short-haul jets to the fleet as the discount carrier seeks to open bases in Zambia, Zimbabwe and Kenya next year while expanding operations in Tanzania.

Ethiopian Airlines

Ethiopian Airlines voted "Best Airline in Africa" for the second year in a row: Passenger Choice Awards, Airline Passenger Experience Association (APEX)

Ethiopian Airlines, the largest airline in Africa, is pleased to announce that it has won the Passenger Choice Awards for "Best Airline in Africa" for the second time in a row at the APEX 2014 EXPO held between 15 and 18 September 2014 in the Anaheim Convention Centre in California.

Tewolde GebreMariam, CEO, Ethiopian Airlines

Ethiopian Airlines places $2.1B order for Boeing 737s

Ethiopian Airlines Enterprise, Africa’s largest carrier by revenue, agreed to buy 20 redesigned 737 models valued at $2.1 billion in the largest single order for Boeing (BA) Co. planes from the continent.

James Mwangi, CEO, Equity Bank

US-Africa Business Forum: An interview with James Mwangi, CEO of Equity Bank, and Tom Klein, President & CEO of Sabre (Video)

James Mwangi, President and CEO of Equity Bank Group in Kenya, and Tom Klein, President and CEO of Sabre, discuss how Africa’s young population – average age 25 – is enabling faster adaptation and adoption of new technologies.