Corporate Affairs

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    Nigeria’s Kaduna airport terminal still building site ahead of air hub switch

    A new terminal at northern Nigeria’s Kaduna airport is still under construction with cables hanging from ceilings less than two months before it is due to become an aviation hub when the capital’s airport closes temporarily for runway repairs. Nigeria …

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    Djibouti breaks ground on massive Chinese-backed free trade zone

    The president of Djibouti on Monday formally launched the construction of a project touted as Africa’s largest free trade zone, to be built in the tiny Horn of African nation with Chinese backing. The agreement to build the 48 square kilometre free trade zone was signed in March 2016 as part of China’s bid to expand trade routes, a series of infrastructure initiatives stretching across 60 countries that the Chinese have dubbed “One Belt, One Road”.

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    TNPA celebrates key milestone at Maydon Wharf

    Transnet National Ports Authority (TNPA) last week celebrated a significant milestone, when the Port of Durban’s Maydon Wharf precinct serviced Bright Sky, the first vessel to use the common-user Berth 14 after its reconstruction. Forming part of a six-berth reconstruction project at the port, both berths 13 and 14 are now fully operational, deeper and safer for bigger ships calling at the port.

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    Comair CEO raises questions on State airlines merger

    It is unclear what a merger between the three State-owned airlines SAA, Mango and SA Express would achieve that cannot be achieved by each airline individually, Erik Venter, CEO of Comair, told Fin24. This was in reaction to a parliamentary response by…

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    Airbus very happy with its 2016 production and delivery results

    Despite 2016 being an “unusually difficult year from a production perspective”, European airliner manufacturer Airbus Commercial Aircraft met all its delivery targets for the year, company president Fabrice Brégier told journalists worldwide on Wednesday. “I’m very proud to tell you we have delivered 688 aircraft, which is another Airbus record. We’ve enjoyed 14 consecutive years of production growth. In December alone we delivered 110 aircraft.” Last year saw the company ramp up production of two new types in its product range – the A320 new engine option (neo) and the all-new A350XWB. Both programmes suffered difficulties, the A320neo with delays in engine deliveries and the A350XWB with problems with cabin fittings, including lavatories and some seats (both supplied by subcontractors).

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    Airbus very happy with its production and delivery results last year

    Despite 2016 being an “unusually difficult year from a production perspective”, European airliner manufacturer Airbus Commercial Aircraft met all its delivery targets for the year, company President Fabrice Brégier told journalists worldwide on Wednesday. “I’m very proud to tell you we have delivered 688 aircraft, which is another Airbus record. We’ve enjoyed 14 consecutive years of production growth. In December alone we delivered 110 aircraft.”

    Last year saw the company ramp-up production of two new types in its product range – the A320 new engine option (neo) and the all-new A350XWB. Both programmes suffered difficulties, the A320neo with delays in engine deliveries and the A350XWB with problems with cabin fittings, including lavatories and some seats (both supplied by sub-contractors).

    “We knew we had a good aircraft [in the A350XWB], but we experienced more difficulties than we anticipated,” he stated. Nevertheless, the company delivered 49 of the new-generation airliners last year, a three-and-a-half times increase over the figure of 14 for 2015, in what Airbus calls the fastest ever ramp-up for a wide-body airliner. All deliveries have been of the A350-900 version. The first of the stretched A350-1000 versions made its maiden flight in November. (The second A350-1000 made its first flight on Tuesday.)

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    Comair to post higher H1 earnings

    JSE-listed Comair on Wednesday said it expects a 20% hike in earnings for the six months to December 31, 2016. The group, which is currently finalising its interim results, had reported a substantial decrease in earnings a share to 18c and headline ear…

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    CTIA expands routes to boost tourism as it reaches 10m passengers a year milestone

    Cape Town International Airport (CTIA) is, in collaboration with the Western Cape government, targeting the development and initiation of new routes to key strategic markets. Cape Town Air Access, in a partnership with CTIA, the City of Cape Town, Wesg…

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    Transport Minister reports 5% increase in festive season road deaths

    Transport Minister Dipuo Peters on Tuesday blamed unqualified and reckless drivers for the significant increase in road crashes and fatalities that occurred during the past festive season, saying that drivers needed to change their behaviour on the roa…

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    Ethiopia aims to offer foreigners stakes in some State firms

    Ethiopia aims to offer foreign firms stakes in some State-owned companies to help modernise the businesses, the prime minister said on Monday in a shift from stressing State investment to drive growth. The move would include offering a stake in State-o…

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