Nation
Nigerian Airlines, Others To Lose $700m In 2022-IATA
The International Air Transport Association (IATA) has said that Nigerian airlines and others across Africa will lose $700 million this year due to a combination of Russia-Ukraine war and COVID-19.
IATA Director General, Willie Walsh, disclosed this at the ongoing 78th IATA Annual General Meeting and World Air Transport Summit in Doha, Qatar.
He said that inflation, interest and exchange rates would affect the growth of the aviation industry globally, stressing that countries should learn from the COVID-19 pandemic.
Walsh, said, “Governments must have learned their lessons from the COVID-19 crisis. Border closures create economic pain but deliver little in terms of controlling the spread of the virus. With high levels of population immunity, advanced treatment methods, and surveillance procedures, the risks of COVID-19 can be managed. At present, there are no circumstances where the human and economic costs of further COVID-19 border closures could be justified”.
He listed risk factors to the aviation sector to include the war in Ukraine and COVID 19.
He said that the impact of Russia’s invasion of Ukraine on aviation paled compared with the unfolding humanitarian tragedy.
The IATA boss noted that the war in Ukraine would not escalate beyond its borders, but the rising fuel costs and a dampening demand due to lowered consumer sentiment would have a negative effect on the aviation sector.
He said the Russian international market, Ukraine, Belarus, and Moldova accounted for 2.3 per cent of global traffic in 2021, noting that about seven per cent of international passenger traffic would normally transit Russian airspace (2021 data), which was now closed to many operators, mostly on long-haul routes between Asia and Europe or North America.
“There are significantly higher costs for re-routing for those carriers affected”, he said.
He disclosed further that just under one per cent of global freight traffic originated in or was transited through Russia and Ukraine, but the greater impact was in the specialised area of heavy-weight cargo where Russia and Ukraine were the market leaders.
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Haniel Jack Foundation Awards Five Rivers Indigenes Scholarship
The Ibanibo Haniel Jack Foundation has awarded scholarships to five Rivers State indigenes in different tertiary institutions.
The scholarship programme was announced on Easter Sunday by Rev. Dr. Samuel Wachukwu, who is also the presiding pastor of Redeemer Baptist Church, at No. 44/46 Lumumba Street, Mile Two Diobu, in Port Harcourt.
Speaking, the chairman of the occasion, Barrister Karibi George, advised the recipients to justify the scholarship by ensuring that they put in their best and finish at the expected time.
George reminded them that opportunity comes but once and they should take advantage of the opportunity that comes their way judiciously.
“Those of you who are beneficiaries of this scholarship should also remember to help others and the resurrection of our Lord Jesus Christ.
“I advise you to justify the opportunity given to you and make the man who gave you the scholarship, yourself, and your family proud,” Barrister George said.

He explained that the scholarship spans undergraduate and postgraduate levels in various high institutions in Nigeria. He thanks Sir Jack for the gesture.
The scholarship is to promote education in our society, most especially for Rivers indigenes, and equally assist those who cannot immediately afford tuition fees.
It will interest you to know that
The scholarship was borne out of God’s blessings, and this is a way to give back to the society. Besides, two of the beneficiaries are direct employees of the chairman of the foundation, sir.
Ibanibo Haniel Jack, who is also the chief executive officer (CEO) of White House Hotel, in Port Harcourt.
Chief Prezi Diffa, while presenting the awards, commended Sir Ibanibo Haniel Jack, who has deemed it necessary to give back to society.
Chief Diffa equally advised the beneficiaries to take their academics seriously and count themselves lucky.
“The man who has given you this scholarship wants to better your lives, so please put in every effort to ensure you finish the school with flying colors,” Chief Diffa said.
The beneficiaries are Isoboye Haniel Douglas, Naomi Douglas, Charles Batubo, Ajé Sokari, and
Dakoru Owen Amachree.
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