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Hospitality & Travel

ACI accredites Murtala Muhammed International Airport

MMIA Lagos received the certificate of accreditation from @ACIWorld.

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Lagos Airport has outlived its usefulness, to be reconstructed with N14bn - FG

The Airport Council International (ACI) has given the certificate of accreditation to the Murtala Muhammed International Airport (MMIA), Lagos.

This was disclosed by the Federal Airport Authority of Nigeria (FAAN) on Saturday via its Twitter handle.

It tweeted, “The Murtala Muhammed International Airport (MMIA), Lagos has received the certificate of accreditation from @ACIWorld in its Airports Council International (ACI) Airport Health Accreditation Programme.”

READ: FG to open new Lagos International Airport Terminal in 2021

What you need to know

  • The Airport health accreditation programme is designed to assess how aligned airports’ health measures are with the ACI Aviation Business Restart and Recovery guidelines and ICAO Council Aviation Restart Task Force recommendations, along with industry best practices.
  • FAAN recently beefed up safety protocols at all airports, following the new wave of Covid-19, and a monitoring team was set up for each airport to drive total compliance.
  • This is in line with the Airports Council International (ACI) Airport Health Accreditation Programme, which is designed to reassure the travelling public of the safety precautions being taken to reduce any risk to their health, as well as maintaining secure airport facilities.

READ: FG to allow flights only from nations that allow flights from Nigeria

In case you missed it

On Friday, ACI had accredited two of Nigeria’s International Airports in its ACI’s Airport Health Accreditation Programme, according to Nairametrics.

The accredited airports were Nnamdi Azikiwe International Airport Abuja and the Port Harcourt International Airport Omagwa, Rivers State.

Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper.The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference.The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

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Business

NAHCO recalls suspended GMD

NAHCO recalled Adetokunbo Fagbemi, its Group Managing Director and Chief Executive Officer.

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NAHCO

The Board of Directors of Nigerian Aviation Handling Company Plc (NAHCO Aviance) has recalled Mrs. Adetokunbo Fagbemi, the Group Managing Director and Chief Executive Officer of the aviation handling firm.

The GMD was suspended over Management’s failure to diligently secure the delivery of a purchased equipment from vendor within the contracted period and Management’s inability to provide satisfactory/acceptable reason for the unreasonable long delay.

This was disclosed by the Board via a statement issued and seen by Nairametrics on Thursday.

It stated, “The Board is however pleased to inform the investing public and the Exchange that on, Tuesday, February 24, 2021, a satisfactory evidence of departure and arrival dates of the equipment has been received by the board from the equipment manufacturer.

“Consequently, the Board at its emergency meeting today, February 24, 2021, has recalled the Group Managing Director/Chief Executive Officer, Mrs. Adetokunbo A. Fagbemi from the suspension and she has resumed work.”

What you should know

  • The GMD was suspended by the Board at a meeting held on 27th of January 2021 in line with the Board’s earlier decision that if a certified bill of lading for the equipment was not received by 2nd February 2021, the GMD/CEO shall proceed on suspension with half pay until receipt of acceptable evidence of equipment shipment from the manufacturer.
  • Since Fagbemi commenced her suspension on February 3rd, 2021, Mr. Olumuyiwa A. Olumekun, the Group Executive Director, Corporate Services, has been acting as the GMD/CEO.

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Hospitality & Travel

London’s Heathrow airport slides into £2 billion annual loss

Following the devastating impact of the COVID-19 pandemic, London’s Heathrow airport has recorded a net annual loss of £2 billion in 2020.

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Ethiopia to overthrow London Heathrow with Africa’s largest airport worth $5 billion 

London’s Heathrow airport has recorded a net annual loss of £2 billion in 2020, underlining the devastating impact of the coronavirus pandemic on the aviation sector.

This is as 2020, which has been identified as one of Heathrow’s most challenging years has record passengers’ level not seen since the 1970s.

This disclosure is contained in a public statement seen on the company’s website and seen by Nairametrics.

The company said that the number of passengers dropped to 22.1m, more than half of the numbers that travelled in January and February.  It pointed out that the overall revenue fell 62% to £1.2bn and adjusted earnings before interest taxes depreciation and amortization (EBITDA) fell to £270m.

The company said in order to weather the storm, realizing that airports have very high fixed costs, it acted quickly to cut gross operating costs by nearly £400m, reduced capital expenditure by £700m and raised £2.5bn in funding including a £600m capital injection. The firm ended the year with £3.9bn of liquidity, enough to see us through until 2023.

The airport which is one of the busiest in the world reported a 28% decline in cargo volumes, showing the cost to the economy of shutting down aviation.

Passenger planes from Heathrow are the UK’s global trading network, carrying British exports and inbound supply chain. Economic recovery will be held back until long haul passenger flights are restarted, especially to key markets such as the US

The Chief Executive Officer of Heathrow, John Holland-Kaye said, “We can be hopeful for 2021, with Britain on the cusp of becoming the first country in the world to safely resume international travel and trade at scale. Getting aviation moving again will save thousands of jobs and reinvigorate the economy.”

He also said, “2020 has been one of our most challenging years – but despite £2bn of losses and shrinking to passenger levels we haven’t seen since the 70s, I am hugely proud of the way that our colleagues have kept our passengers safe and the UK’s hub airport open for vital supplies throughout. We can be hopeful for 2021, with Britain on the cusp of becoming the first country in the world to safely resume international travel and trade at scale.

‘’Getting aviation moving again will save thousands of jobs and reinvigorate the economy, and Heathrow will be working with the Global Travel Taskforce to develop a robust plan underpinned by science and backed by industry. The Prime Minister will then have the unique opportunity to secure a global agreement on a common international standard for travel when he hosts the G7 in June. In the meantime, we need next week’s Budget to support aviation’s recovery by extending furlough and providing 100% business rates relief.”

What you should know

  • The United Kingdom is one of the countries most affected by the coronavirus pandemic, with the aviation sector one of the most affected due to the lockdown.
  • The International Air Transport Association (IATA) had called for urgent government assistance and warned that airlines would lose $252bn (£215bn) in revenues in 2020, more than double its earlier worst-case forecast.

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