Aviation
Air Freight Makes Slow Start This Year
The International Air
Transport Association (IATA) recently released data for global air freight markets showing a 32 per cent expansion in freight tone kilometers (FTKs) in January 2015, compared to the same month last year. The growth is slower than the average of 4.5 per cent recorded for 2014.
There was much regional variation in the January performance- Asia –pacific, Africa and Middle Eastern airlines expanded strongly but airlines in Europe and North America all reported demand contractions.
Although it is too early to be certain of a trend towards weaker air freight, there are at least two emerging factors which could negatively impact demand for air cargo in the coming months which include the fact that business confidence has been declining since mid 2014 and export orders tailed-off towards the end of the year.
“January was a disappointing start to the year for air cargo-and it is difficult to be too optimistic about the rest of the year given the economic headwinds in Europe and growing concerns over the Chinese economy. Add to that the continuing trend of onshore production and trade protectionism and 2015 is shaping up to be another tough year for air cargo”, said IATA’s Director General and CEO, Tony Tyler.
African airlines grew cargo volumes 5.2 per cent, the highest among other regions, while major economices such as Nigeria and South Africa are under, performing, regional trade activity is holding up. Capacity rose just 2.4 per cent strengthening the load factor.
Asia-Pacific carriers grew their FTKs 6.9 per cent compared to January 2014, supported by an improvement in regional import activity.
Japan’s expansion is helping regional volumes, but there could be concerns over the Chinese economy, which saw export orders contracting at the fastest pace in three years, capacity rose by 5.4 per cent.
European airlines saw volumes fall 1.2 per cent compared to a year ago. The Eurozone is facing deflationary economic headwinds and the weakness of the Russian economy is also impacting demand. Weak home demand is not being offset by North Atlantic and Asian growth opportunities-capacity grew 36 per cent, further weakening the load factor.
North American carriers experienced a 1.0 per cent fall in FTKs. This decrease, however is most likely due to the strong result that occurred in January 2014. Underlying, trends for North American volumes are positive. Trade is growing and the month-to-month comparison of FTKs show expansion in January compared to December capacity fell 2.8 per cent, continuing the recent trend of improving load factor.
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Aviation Professionals Want Agencies Boards’ Inauguration
As a measure to curb corruption and restore accountability, the Association of Nigeria Aviation Professionals (ANAP), has called on the Minister of Aviation and Aerospace Development, Festus Keyamo, to push for the urgent formation and inauguration of governing boards for all other aviation agencies.
ANAP’s Secretary General, AbdulRasaq Saidu, made this call at the weekend when interacting with aviation correspondents, in reaction to recent inauguration of Board of the Federal Airports Authority of Nigeria (FAAN).
Keyamo had recently inaugurated the FAAN board, more than six months after its members were appointed by President Bola Tinubu, where Dr. Umar Ganduje was named Board Chairman, with FAAN’s Managing Director, Olubunmi Kuku, as the Vice Chairman.
Other board members include representatives from the Ministries of Justice, Defence, Tourism, and Aviation, as well as professionals from the Nigerian College of Aviation Technology, and FAAN’s legal department.
The ANAP scribe there urged the aviation Minister not to stop at FAAN but to ensure that all aviation parastatals are given functional boards to restore order and credibility to the sector.
He, however, commended Keyamo for recently inaugurating the board of the Federal Airports Authority of Nigeria but stressed that more needed to be done.
Saidu also warned that the continued delay in constituting boards for other aviation agencies creates room for unchecked abuses, including illegal contracts, fraudulent employment practices, and mismanagement.
“The absence of governing boards violates the enabling Acts that established these agencies. Only properly constituted boards can enforce discipline, ensure due process in decision-making, and provide oversight to prevent corruption”, Saidu said.
He emphasised that the aviation unions, including ANAP, have consistently raised concerns about poor governance and lack of transparency within the aviation system.
He called on President Bola Tinubu to act swiftly by appointing board members for all relevant agencies, in the interest of fairness and aviation safety.
Saidu also tackled the former Minister of Aviation, Senator Hadi Sirika, for failing to inaugurate any boards during his eight-year tenure, despite appointments being made by former President Muhammadu Buhari.
“ANAP raised the alarm several times under Sirika’s leadership, but nothing changed. That lapse has continued under the current administration, and it must be addressed now”, Saidu stated.
By: Corlins Walter
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