Connect with us

Travel

NAHCO Says Strike Didn’t Cause Major Business Loss, Plans Salary Increment Dialogue With Workers

Published

on

Nahco aviance

The Nigerian Aviation Handling Company Plc (NAHCO) has stated that the industrial action recently embarked on by airport workers did not cause a great loss in the sector.

It assured that negotiations on the agitation for salary increment for workers would begin on Wednesday, January 25, 2023 to Saturday, January 28th, 2023.

Investors King recalls that in the early hours of Monday, January 23, 2023, both local and international airports were shut down and flights grounded due to the strike of some aviation workers but at about 3pm that same day, the strike was called off and work continued. 

In a press statement obtained by Investors King on Wednesday, signed by the Company Secretary, Dikko & Mahmoud Solicitors, Bello Abdullahi, clarifications were presented on what transpired.

Abdullahi explained that the industrial action was embarked on by some members of staff of the National Union of Air Transport Employees (NUATE) and Air Transport Senior Staff Services Association (ATTSSSAN) to request for salary increase and protest NAHCO Management as touching their demands.

According to him, their action was in violation of the pronouncement by the National Industrial Court on 20th January 2023.

“The withdrawal of services by the striking workers led to NAHCO Plc’s inability to provide service to our client airlines. The resultant effect was that scheduled flights were unable to operate from our airport stations across the country, thereby leaving passengers stranded across the various airports,” he stated.

Abdullahi disclosed that a meeting was held by the NAHCO Plc management, the affected unions, the Federal Airport Authority (FAAN), the Nigerian Civil Aviation Authority (NCAA), the Department of State Security (DSS) and other stakeholders at NAHCO Plc Head Office in Lagos on Monday.

He highlighted the resolutions enacted at the meeting as:

  1. The discontinuance of the suit filed against the NUATE and ATTSSSAN unions at the National Industrial Court.
  2.  Issuance of a counteroffer to the Union’s demands by the NAHCO Plc Management before close of business of Monday, January 23, 2023.
  3.  Commencement of negotiations on salary increment on Wednesday, January 25, 2023 and conclusion by Saturday, January 28th, 2023.
  4.  The immediate resumption of all staff to work.
  5. Non-victimization of staff due to participation in the strike action.

The Company Secretary then assured the public and shareholders of the organisation’s commitment to quality delivery of aviation services.

Continue Reading
Comments

Travel

Singapore Tops Passport Power Rankings, Overtakes European Rivals

Published

on

Singapore has reclaimed its position as the holder of the world’s most powerful passport, surpassing European countries such as France, Germany, Italy, and Spain.

According to the Henley Passport Index, Singaporean citizens can now enjoy visa-free access to 195 destinations globally, placing the city-state at the top of the rankings.

The Henley Passport Index, which uses data from the International Air Transport Association, evaluates 199 passports and their access to 227 destinations.

The latest update sees Singapore leapfrogging previous leaders, with the European quartet and Japan now sharing second place.

In third place are Austria, Finland, Ireland, Luxembourg, Netherlands, South Korea, and Sweden, whose passport holders have visa-free access to 191 destinations.

This is the first time seven nations have occupied this spot together.

Juerg Steffen, CEO of Henley & Partners, emphasized the significance of passport strength in today’s globalized world.

“The ability to travel visa-free is more than convenience; it’s a powerful economic tool driving growth, fostering international cooperation, and attracting foreign investment.”

While Singapore rises, the United States continues its decline, now ranking eighth, a drop from its former position at the top alongside the UK a decade ago. The UK, meanwhile, has slipped to fourth place.

At the bottom of the list, Afghanistan remains the weakest passport, offering visa-free entry to just 26 destinations.

Continue Reading

Travel

Airline Stocks Tumble as Ryanair Cuts Summer Fare Forecast

Published

on

Ryanair’s announcement of a significant cut in summer fare expectations has sent ripples through the airline industry, causing stocks to fall sharply.

The no-frills airline reported a nearly 50% drop in profits for the quarter ending June 30, attributing the decline to lower passenger fares and frugal consumer behavior.

Ryanair’s profit before tax fell to €401 million, a stark contrast to the same period last year. This slump is primarily due to a 15% decrease in average passenger fares, as travelers continue to tighten their budgets amid ongoing economic uncertainties.

Chief Executive Michael O’Leary highlighted the shift in consumer behavior, noting that “fares are now moving materially lower than the prior year and pricing continues to deteriorate.”

The company’s previous forecast of stable fares has been revised, with expectations now set for a “materially lower” fare structure between July and September.

The announcement triggered a sell-off in airline stocks, with Ryanair’s share price plummeting by 17%.

Other airlines, including EasyJet and Wizz Air, also experienced declines, reflecting broader concerns about the industry’s financial health as customer spending contracts.

Experts are questioning whether the entire sector is facing a downturn, especially as consumers delay booking trips and opt for more budget-friendly options.

Despite the profit drop, Ryanair reported a slight increase in passenger numbers, which helped mitigate a more significant fall in overall revenue.

However, the airline emphasized that its summer performance heavily relies on last-minute bookings, particularly in August and September.

The trend of delayed bookings is partly due to the cost-of-living crisis, which continues to influence consumer spending habits.

This trend aligns with observations from other airlines like Jet2, which noted only modest price increases amid late bookings.

Ryanair’s struggles are compounded by external challenges such as air traffic control strikes and a global IT meltdown, which have led to delays and cancellations.

These issues have further dampened consumer confidence, potentially impacting last-minute booking numbers.

Moreover, Ryanair faces operational hurdles with aircraft deliveries. Boeing has warned that some 737 Max planes expected by next spring will be delayed until summer 2025, posing a threat to Ryanair’s capacity during peak travel periods.

The airline industry is grappling with the end of a post-pandemic boom in pricing, as evident from warnings by other carriers like Lufthansa and Air France-KLM.

As economic pressures mount, the sector must navigate a landscape of cautious consumer spending and logistical challenges.

Ryanair’s latest figures underscore the fragile nature of the current travel market, prompting airlines to reassess strategies to attract budget-conscious travelers while maintaining profitability.

Continue Reading

Travel

Max Air Flight Suffers Multiple Tyre Bursts, Passengers Safe

Published

on

Max Air

A Max Air flight carrying 119 passengers and six crew members from Yola to Abuja experienced a rare tyre malfunction during takeoff.

The Boeing 737, flight NGL1649, encountered an issue when four of its tyres burst, leading to an emergency halt on the runway.

The Director of Public Affairs and Consumer Protection at the Nigerian Safety Investigation Bureau (NSIB), Bimbo Olawumi Oladeji, confirmed the incident.

She stated that as the aircraft began its takeoff roll, a loud bang was heard, identified as the bursting of the rear gear tyres.

Initially, two tyres burst, and while attempting to taxi off the runway, the remaining two tyres also burst, leaving the aircraft disabled.

Glory be to God, no injuries were reported among the passengers or crew, thanks to the quick response and professionalism of the flight team.

A go-team, led by NSIB Director General Alex Badeh, is set to conduct a thorough investigation into the incident to determine the cause of the malfunction.

This investigation aims to ensure the continued safety and reliability of air travel in the region.

Max Air has expressed gratitude for the cooperation and calmness of all passengers during the incident and assured the public of their commitment to maintaining high safety standards.

The airline is working closely with authorities to address any potential issues and prevent future occurrences.

As investigations proceed, the aviation community remains focused on learning from the event to enhance safety protocols and maintain passenger confidence in air travel across Nigeria.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending