Nigeria, The Asset Management Corporation of Nigeria (AMCON) who took over the management of Arik Airline had announced that they have not had any discussed on with the management of Ethiopian Airlines regarding Arik Air Limited. According to the AMCON’s Head, Corporate Communications, Mr. Jude Nwauzor, “Our attention has been drawn to
Year: 2017
EU approves insolvent Air Berlin’s 150 million euro lifeline
FILE PHOTO: Passengers board an Air Berlin aircraft at Tegel airport in Berlin, Germany, June 14, 2017. REUTERS/Hannibal Hanschke/File Photo FRANKFURT (Reuters) - The European Commission on Monday approved a German bridging loan for Air Berlin that will keep the insolvent airline’s planes flying while it tries to find buyers for
Tyremaker Pirelli to sell 40 percent stake in Milan market comeback
Formula One - F1 - Russian Grand Prix - Sochi, Russia - 29/04/17 - Pirelli tyres on display in paddock area. REUTERS/Maxim Shemetov (Reuters) MILAN (Reuters) - Italian tyremaker Pirelli, bought by state-owned China National Chemical (ChemChina) two years ago, will sell up to 40 percent of its equity capital in
Taxify takes on Uber in crowded London taxi-hailing market
FRANKFURT (Reuters) - Estonian start-up Taxify is to go head to head with Uber [UBER.UL] in London’s highly competitive taxi-hailing market, and also has Paris in its sights. Taxify said it will launch services across London on Tuesday after signing up 3,000 private hire taxi drivers, who have been vetted to
Drones Play Increasing Role in Hurricane Harvey Recovery Efforts
Unmanned aircraft are inspecting roadways, checking railroad tracks, assessing the condition of power lines. Houston USA (WSJ) -For drone users, Hurricane Harvey is likely to be the event that propelled unmanned aircraft to become an integral part of the government and corporate disaster-recovery efforts. In the first six days after the storm
TAXIFY LAUNCHES IN LONDON ON THE 5TH OF SEPTEMBER
Taxify, Europe’s fastest-growing ride-sharing platform, launches tomorrow morning in London with thousands of drivers signed up to the platform and ready to accept rides anywhere in the Capital from 10.00am on Tuesday 5 September. Moov LogisticsNews gathered that to celebrate, Taxify has suspended any surge pricing and is offering a huge 50% discount to riders during
Lagos flags off reconstruction of 10-Lane Oshodi-Int’l Airport Road
Lagos State government on Monday flagged off the reconstruction of the Oshodi-International Airport Road, pledging to complete the project within the next 15 months. The project is specifically to include the reconstruction and expansion of the existing carriage to three-lane Expressway on both directions, construction of two-lane Service Road in both directions, construction
UN prescribes collective efforts in tackling road safety problems
Achieving success in the campaign against the of use of a phone while driving and drunk-driving, as well as the promotion of the use of crash helmets by motorcyclists, can only be achieved through the collective efforts of stakeholders. This call was made by the United Nations Secretary General’s Envoy
Nigerian airlines may be banned by US over poor local airports
(BusinessDay) - During the just concluded US Federal Aviation Administration (FAA) audit for the renewal of Nigeria’s Category 1 safety status, Nigerian airports failed to meet the safety and security requirements of that organization. As a result of the failed audit test, Nigerian airlines may be barred from flying to the
Petrol price reduced to N142 per litre
The Nigerian National Petroleum Corporation (NNPC) says the prices of petrol, and cooking gas have crashed across the country. The NNPC said sustained strategic intervention in the efficient supply and distribution of petroleum products led to the significant fall in the prices of petrol and gas. Abuja - A statement issued on