Business

Dana Air Signs Code Share Agreement With Ibom Air

Dana Airlines Limited and Ibom Airlines Limited signed a code share agreement on Friday for alliance benefit.

Both airlines came together on Friday to sign the alliance at the Victor Attah International Airport, Uyo, the corporate headquarters of Ibom Airlines.

According to the press statement issued on Friday, the codeshare agreement themed ‘Dana-Ibom Alliance,’ both airlines are afforded the opportunity to jointly offer flights to similar destinations, also offering air services to destinations that are not within the airlines’ routes.

The agreement offers Dana and Ibom Airlines the opportunity to increase profitability in the aviation industry.

Chief Executive Officer, Ibom Airlines Limited, Mr. George Uriesi, said, “With the initiation of this business airlines, both airlines have embraced a key global best practice.”

According to him, this is the beginning of a new and better way of doing business in Nigeria. He also expressed hope for a fruitful alliance among other airlines in Nigeria.

Chief Operating Officer, Dana Airlines Limited, Mr. Obi Mbanuzo, said, “This discussion started about a year ago and we are happy to be here today, formalizing it.”

He noted that the agreement was the first of its kind for domestic airlines in Nigeria.

Reacting to the development, Chief Executive Officer, Mainstream Cargo Limited, Seyi Adewale, said, “This is a laudable feat and development for both airlines. Industry stakeholders have looked forward to such a time where our aviation sector is mature.”

Temitayo Olukoya

Share
Published by
Temitayo Olukoya

Recent Posts

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

39 minutes ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

1 hour ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

2 hours ago

Brent Crude at $79.38 Amid Trump’s National Energy Emergency Declaration

Oil prices remained steady on Wednesday as investors assessed the potential impact of U.S. President…

3 hours ago

Netflix Hits 302 Million Subscribers, Surpasses $10 Billion in Annual Operating Income

Netflix ended 2024 on a high note as its global subscribers rose to 302 million…

4 hours ago

PalmPay Explores Remittance Services as Part of Ambitious Global Growth Strategy

PalmPay, a leading Nigerian fintech company with over 30 million users and $6 billion in…

4 hours ago