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Bankole Bernard

  •  An aviation expert Mr Bankole Bernard seeks the Federal Government s urgent assistance on provision of foreign exchange to allow foreign airlines repatriate their unremitted ticket revenue to their respective countries Bernard the Chairman of Finchglow Holdings made this known to the News Agency of Nigeria on the sideline of the 26th Annual Conference of League of Airports and Aviation Correspondents LAAC in Lagos on Sunday The theme of the seminar was Sunset Airports the Safety and Economic Implications NAN reports that the International Air Transportation Association IATA Regional Vice President Africa amp Middle East Mr Kamil Al Alawadhi had said the amount of foreign airlines blocked funds in Nigeria estimated at 208 million in the third quarter in 2021 had risen to 283 million in the first quarter of 2022 Bernard noted that the effect of unremitted funds would not only affect the cost of airfares but the number of air travellers cost of goods and rate of inflation in the country He therefore urged the government through the Central Bank of Nigeria CBN to address the issue of the funds as it affects aviation and other industries On the issue of non repatriation of funds by the foreign airlines I think it is an issue that is over flogged I don t think at this particular point in time we should still be talking about things like this We need to go back to the drawing board and address this thing the way we had addressed it in the past Remember two years ago we had this kind of issue that even the funds got to an amount far higher than what it is now about 750 million And here we are we are talking about 450 million that has been stocked as a result of CBN not providing funds I think we need to give priority and I think with the sort of service that this foreign airlines have brought to us I think CBN should have given them priority to enable them repatriate their money I honestly don t understand what is happening at CBN but it really requires a lot of intervention the government needs to address the issue he told NAN On the effect of the high cost of aviation fuel Bernard said it would have multiplier effect on the air fare the number of passengers that would travel by air and the cost of goods in the market The expert further lamented that the rate of inflation would go up because in Nigeria today majority of the goods in the market were imported products He however said it was unfortunate that two airlines had been temporarily suspended but said that safety was important in the air transport business It is quite unfortunate but you know in our industry it is safety first I want to believe that the regulator had to place safety over convenience which I absolutely agree with them If the airlines need to undergo audits to ensure that the lives of citizens are protected I think it is worth it Y es it is going to create a sort of impact on either the number of inventory of tickets in the market place aircraft to be used the expert said YO NewsSourceCredit NAN
    Forex Scarcity: Expert seeks FG’s assistance on repatriation of foreign airlines’ ticket revenue
     An aviation expert Mr Bankole Bernard seeks the Federal Government s urgent assistance on provision of foreign exchange to allow foreign airlines repatriate their unremitted ticket revenue to their respective countries Bernard the Chairman of Finchglow Holdings made this known to the News Agency of Nigeria on the sideline of the 26th Annual Conference of League of Airports and Aviation Correspondents LAAC in Lagos on Sunday The theme of the seminar was Sunset Airports the Safety and Economic Implications NAN reports that the International Air Transportation Association IATA Regional Vice President Africa amp Middle East Mr Kamil Al Alawadhi had said the amount of foreign airlines blocked funds in Nigeria estimated at 208 million in the third quarter in 2021 had risen to 283 million in the first quarter of 2022 Bernard noted that the effect of unremitted funds would not only affect the cost of airfares but the number of air travellers cost of goods and rate of inflation in the country He therefore urged the government through the Central Bank of Nigeria CBN to address the issue of the funds as it affects aviation and other industries On the issue of non repatriation of funds by the foreign airlines I think it is an issue that is over flogged I don t think at this particular point in time we should still be talking about things like this We need to go back to the drawing board and address this thing the way we had addressed it in the past Remember two years ago we had this kind of issue that even the funds got to an amount far higher than what it is now about 750 million And here we are we are talking about 450 million that has been stocked as a result of CBN not providing funds I think we need to give priority and I think with the sort of service that this foreign airlines have brought to us I think CBN should have given them priority to enable them repatriate their money I honestly don t understand what is happening at CBN but it really requires a lot of intervention the government needs to address the issue he told NAN On the effect of the high cost of aviation fuel Bernard said it would have multiplier effect on the air fare the number of passengers that would travel by air and the cost of goods in the market The expert further lamented that the rate of inflation would go up because in Nigeria today majority of the goods in the market were imported products He however said it was unfortunate that two airlines had been temporarily suspended but said that safety was important in the air transport business It is quite unfortunate but you know in our industry it is safety first I want to believe that the regulator had to place safety over convenience which I absolutely agree with them If the airlines need to undergo audits to ensure that the lives of citizens are protected I think it is worth it Y es it is going to create a sort of impact on either the number of inventory of tickets in the market place aircraft to be used the expert said YO NewsSourceCredit NAN
    Forex Scarcity: Expert seeks FG’s assistance on repatriation of foreign airlines’ ticket revenue
    General news2 months ago

    Forex Scarcity: Expert seeks FG’s assistance on repatriation of foreign airlines’ ticket revenue

    An aviation expert, Mr Bankole Bernard, seeks the Federal Government’s urgent assistance on provision of foreign exchange to allow foreign airlines repatriate their unremitted ticket revenue to their respective countries.

    Bernard, the Chairman of Finchglow Holdings, made this known to the News Agency of Nigeria on the sideline of the 26th Annual Conference of League of Airports and Aviation Correspondents (LAAC) in Lagos on Sunday.

    The theme of the seminar was “Sunset Airports: the Safety and Economic Implications”.

    NAN reports that the  International Air Transportation Association (IATA) Regional Vice President, Africa & Middle East, Mr Kamil Al-Alawadhi, had said the amount of foreign airlines’ blocked funds in Nigeria estimated at $208 million in the third quarter in 2021 had risen to $283 million in the first quarter of 2022. Bernard noted that the effect of unremitted funds would not only affect the cost of airfares but the number of air travellers, cost of goods and rate of inflation in the country.

    He, therefore, urged the government through the Central Bank of Nigeria (CBN) to address the issue of the funds as it affects aviation and other industries.

    “On the issue of non repatriation of funds by the foreign airlines, I think it is an issue that is over flogged.

    I don’t think at this particular point in time we should still be talking about things like this.

    “We need to go back to the drawing board and address this thing the way we had addressed it in the past.

    “Remember two years ago, we had this kind of issue that even the funds got to an amount far higher than what it is now about $750 million.

    “And here we are we are talking about $450 million that has been stocked as a result of CBN not providing funds.

    “I think we need to give priority and I think with the sort of service that this foreign airlines have brought to us, I think CBN should have given them priority to enable them repatriate their money.

    “I honestly don’t understand what is happening at CBN but it really requires a lot of intervention, the government needs to address the issue,” he told NAN.

    On the effect of the high cost of aviation fuel, Bernard said it would have multiplier effect on the air fare, the number of passengers that would travel by air and the cost of goods in the market.

    The expert further lamented that the rate of inflation would go up because in Nigeria today, majority of the goods in the market were imported products.

    He, however, said it was unfortunate that two airlines had been temporarily suspended but said that safety was important in the air transport business.

    “It is quite unfortunate but you know in our industry it is safety first, I want to believe that the regulator had to place safety over convenience which I absolutely agree with them.

    “If the airlines need to undergo audits to ensure that the lives of citizens are protected I think it is worth it.

    Y“es, it is going to create a sort of impact on either the number of inventory of tickets in the market place, aircraft to be used,” the expert said.

    YO
    NewsSourceCredit: NAN

  •  An aviation sector stakeholder Mr Bankole Bernard suggested in Ikeja on Sunday that 18 unviable airports in the country should be turned into shopping malls to generate revenue He told the News Agency of Nigeria that only four airports Lagos Port Harcourt Abuja and Kano out of 22 airports in the country are viable The operations of the other 18 airports had been unviable over the years he added Bernard Group Managing Director of a holding company in the aviation sector was speaking with NAN on the side line of the 26th annual conference of the League of Airport and Aviation Correspondents According to him efforts to enhance the operations of Owerri Airport another international aerodrome to operate from sunrise to sunset had proved abortive over the years He urged the federal and state governments to consider the construction of shopping malls and other facilities that would attract more commercial activities to the unviable airports He emphasised that aviation operates using international standards and appealed to governments at all levels to take a cue from other countries which ensured commercial viability of their airports by thinking outside the box What are the possible solutions to consider given the numerous challenges we are faced with in the industry We can start with the modernisation of airport terminals with shopping malls This will contribute to the commercial viability of the airports and other necessary infrastructures like the internet and constant power supply to support businesses We must begin to think of an alternative power supply like renewable energy to keep the airports functional and reduce the cost of operation in the long run This will also make the airports viable and attractive There is the area of interconnectivity within airports The interconnectivity of the local airports to the international airports will contribute to the economic viability of the airports he said He argued that the suggestions he made would further enhance commercial activities and boost non aeronautics revenues to the 18 airports that had remained unviable He added that government could also consider the provision of affordable hotels which would give credence to investments in the industry Bernard emphasised that the ability to provide Bed amp Breakfast hotels around the terminals of some of the moribund airports would be of great attraction while also increasing the viability of the airports as well NAN reports that the theme of the Airports Correspondents seminar is Sunset Airports the Safety and Economic Implication NewsSourceCredit NAN
    Only 4 of 22 airports are viable; turn others to shopping malls, stakeholder tells FG
     An aviation sector stakeholder Mr Bankole Bernard suggested in Ikeja on Sunday that 18 unviable airports in the country should be turned into shopping malls to generate revenue He told the News Agency of Nigeria that only four airports Lagos Port Harcourt Abuja and Kano out of 22 airports in the country are viable The operations of the other 18 airports had been unviable over the years he added Bernard Group Managing Director of a holding company in the aviation sector was speaking with NAN on the side line of the 26th annual conference of the League of Airport and Aviation Correspondents According to him efforts to enhance the operations of Owerri Airport another international aerodrome to operate from sunrise to sunset had proved abortive over the years He urged the federal and state governments to consider the construction of shopping malls and other facilities that would attract more commercial activities to the unviable airports He emphasised that aviation operates using international standards and appealed to governments at all levels to take a cue from other countries which ensured commercial viability of their airports by thinking outside the box What are the possible solutions to consider given the numerous challenges we are faced with in the industry We can start with the modernisation of airport terminals with shopping malls This will contribute to the commercial viability of the airports and other necessary infrastructures like the internet and constant power supply to support businesses We must begin to think of an alternative power supply like renewable energy to keep the airports functional and reduce the cost of operation in the long run This will also make the airports viable and attractive There is the area of interconnectivity within airports The interconnectivity of the local airports to the international airports will contribute to the economic viability of the airports he said He argued that the suggestions he made would further enhance commercial activities and boost non aeronautics revenues to the 18 airports that had remained unviable He added that government could also consider the provision of affordable hotels which would give credence to investments in the industry Bernard emphasised that the ability to provide Bed amp Breakfast hotels around the terminals of some of the moribund airports would be of great attraction while also increasing the viability of the airports as well NAN reports that the theme of the Airports Correspondents seminar is Sunset Airports the Safety and Economic Implication NewsSourceCredit NAN
    Only 4 of 22 airports are viable; turn others to shopping malls, stakeholder tells FG
    General news2 months ago

    Only 4 of 22 airports are viable; turn others to shopping malls, stakeholder tells FG

    An aviation sector stakeholder, Mr Bankole Bernard, suggested in Ikeja on Sunday that 18 unviable airports in the country should be turned into shopping malls to generate revenue.

    He told the News Agency of Nigeria that only four airports, Lagos, Port Harcourt, Abuja and Kano, out of 22 airports in the country are viable.

    The operations of the other 18 airports had been unviable over the years, he added.

    Bernard, Group Managing Director of a holding company in the aviation sector was speaking with NAN on the side line of the 26th annual conference of the League of Airport and Aviation Correspondents.

    According to him, efforts to enhance the operations of Owerri Airport, another international aerodrome to operate from sunrise to sunset had proved abortive over the years.

    He urged the federal and state governments to consider the construction of shopping malls and other facilities that would attract more commercial activities to the unviable airports.

    He emphasised that aviation operates using international standards and appealed to governments at all levels to take a cue from other countries which ensured commercial viability of their airports by thinking outside the box.

    “What are the possible solutions to consider given the numerous challenges we are faced with in the industry?

    We can start with the modernisation of airport terminals with shopping malls.

    “This will contribute to the commercial viability of the airports and other necessary infrastructures like the internet and constant power supply to support businesses.

    “We must begin to think of an alternative power supply like renewable energy to keep the airports functional and reduce the cost of operation in the long run.

    “This will also make the airports viable and attractive.

    “There is the area of interconnectivity within airports.

    The interconnectivity of the local airports to the international airports will contribute to the economic viability of the airports,’’ he said.

    He argued that the suggestions he made would further enhance commercial activities and boost non-aeronautics revenues to the 18 airports that had remained unviable.

    He added that government could also consider the provision of affordable hotels, which would give credence to investments in the industry.

    Bernard emphasised that the ability to provide Bed & Breakfast hotels around the terminals of some of the moribund airports would be of great attraction, while also increasing the viability of the airports as well.

    NAN reports that the theme of the Airports Correspondents’ seminar is: “Sunset Airports – the Safety and Economic Implication’’.


    NewsSourceCredit: NAN

  •  Prof Anthony Kila the Director Centre for International Advanced and Professional Studies CIAPS has urged the Federal Government to establish a Bank of Aviation The bank he said was necessary to make airlines have easier access to foreign exchange Kila made this known at the League of Airport and Aviation Corespondents LAAC 26th Annual Conference on Thursday The conference with the theme Sunset Airports Economic and Safety Implications was held in Lagos The News Agency of Nigeria reports that an airline Aero Contractors was forced to fold the wings of its scheduled flights due to exorbitant and unsustainable expenditure among other reasons Also Dana Air was forced to suspend flight operations over poor liquidity by the regulatory body the Nigerian Civil Aviation Authority NCAA Kila in his presentation titled Passenger Experience In Daylight Airports said that with the present situation it was not enough to have aviation funds from government or aviation desks in commercial banks anymore He said it was time to think of activating an aviation bank that will raise and manage funds and offer niche financial products for the aviation industry With over 20 years in the industry I can knowledgably confirm that luckily aviation is not a pauper s business Hence finding depositors and shareholders will not be an insurmountable problem for capable promoters but the political will is needed In the spirit of rethinking of and resting aviation operators need to go beyond flying or selling and distributing tickets it is time to represent their challenges as rewarding opportunities to capable innovators inventors and investors Maintenance of equipment refining of aviation fuel training and development of human capital and other problems that are adversely affecting the sector can be thrown open to the market as opportunities for players outside the aviation sector To do all these and much more requires the ability to conceive shape and propose rewarding and sustainable partnership between the public and private sectors he said Kila also noted that NCAA asides enhancing safety in the industry should for the sake of consumers and citizens be working as a clearing house for delayed or stranded passengers He said that they should ensure that stranded passengers of delayed and cancelled flights could fly with the next available flights According to him this is just as debit and credit card holders issued by one bank can easily withdraw money from the Automated Teller Machine ATM of any available bank He also urged the government through the presiding ministry and its regulating agencies in collaboration with the ministry of finance to champion the case of aviation The professor urged them to help make forex available and affordable to aviation operators Speaking the Chairman of the occasion Mr Bankole Bernard in his opening remark warned that the continuous rise of dollar against naira would spell doom for the industry Bernard the Group Managing Director Finchglow Holdings insisted that the situation was scary for all business entities in the country and appealed to the government to ensure a change He advised the Nigerian government to take a cue from other advanced countries where airports are open for operations for 24 hours daily but said some factors determine this The managing director mentioned some of the factors to include routes cost of operations and navigational equipment Bernard argued that such operations would promote tourism and business growth across the country He appealed to the federal government to assist the ailing domestic airlines to avoid accidents and incidents in the industry NewsSourceCredit NAN
    Ailing Domestic Airlines: Don calls for establishment of Bank of Aviation
     Prof Anthony Kila the Director Centre for International Advanced and Professional Studies CIAPS has urged the Federal Government to establish a Bank of Aviation The bank he said was necessary to make airlines have easier access to foreign exchange Kila made this known at the League of Airport and Aviation Corespondents LAAC 26th Annual Conference on Thursday The conference with the theme Sunset Airports Economic and Safety Implications was held in Lagos The News Agency of Nigeria reports that an airline Aero Contractors was forced to fold the wings of its scheduled flights due to exorbitant and unsustainable expenditure among other reasons Also Dana Air was forced to suspend flight operations over poor liquidity by the regulatory body the Nigerian Civil Aviation Authority NCAA Kila in his presentation titled Passenger Experience In Daylight Airports said that with the present situation it was not enough to have aviation funds from government or aviation desks in commercial banks anymore He said it was time to think of activating an aviation bank that will raise and manage funds and offer niche financial products for the aviation industry With over 20 years in the industry I can knowledgably confirm that luckily aviation is not a pauper s business Hence finding depositors and shareholders will not be an insurmountable problem for capable promoters but the political will is needed In the spirit of rethinking of and resting aviation operators need to go beyond flying or selling and distributing tickets it is time to represent their challenges as rewarding opportunities to capable innovators inventors and investors Maintenance of equipment refining of aviation fuel training and development of human capital and other problems that are adversely affecting the sector can be thrown open to the market as opportunities for players outside the aviation sector To do all these and much more requires the ability to conceive shape and propose rewarding and sustainable partnership between the public and private sectors he said Kila also noted that NCAA asides enhancing safety in the industry should for the sake of consumers and citizens be working as a clearing house for delayed or stranded passengers He said that they should ensure that stranded passengers of delayed and cancelled flights could fly with the next available flights According to him this is just as debit and credit card holders issued by one bank can easily withdraw money from the Automated Teller Machine ATM of any available bank He also urged the government through the presiding ministry and its regulating agencies in collaboration with the ministry of finance to champion the case of aviation The professor urged them to help make forex available and affordable to aviation operators Speaking the Chairman of the occasion Mr Bankole Bernard in his opening remark warned that the continuous rise of dollar against naira would spell doom for the industry Bernard the Group Managing Director Finchglow Holdings insisted that the situation was scary for all business entities in the country and appealed to the government to ensure a change He advised the Nigerian government to take a cue from other advanced countries where airports are open for operations for 24 hours daily but said some factors determine this The managing director mentioned some of the factors to include routes cost of operations and navigational equipment Bernard argued that such operations would promote tourism and business growth across the country He appealed to the federal government to assist the ailing domestic airlines to avoid accidents and incidents in the industry NewsSourceCredit NAN
    Ailing Domestic Airlines: Don calls for establishment of Bank of Aviation
    General news2 months ago

    Ailing Domestic Airlines: Don calls for establishment of Bank of Aviation

    Prof. Anthony Kila, the Director, Centre for International Advanced and Professional Studies(CIAPS), has urged the Federal Government to establish a Bank of Aviation.

    The bank, he said, was necessary to make airlines have easier access to foreign exchange.

    Kila made this known at the League of Airport and Aviation Corespondents (LAAC) 26th Annual Conference, on Thursday.

    The conference, with the theme: Sunset Airports: Economic and Safety Implications, was held in Lagos.

    The News Agency of Nigeria reports that an airline, Aero Contractors, was forced to fold the wings of its scheduled flights due to exorbitant and unsustainable expenditure, among other reasons.

    Also, Dana Air was forced to suspend flight operations over poor liquidity by the  regulatory body, the Nigerian Civil Aviation Authority (NCAA).

    Kila, in his presentation, titled “Passenger Experience In Daylight Airports,” said that with the present situation, it was not enough to have aviation funds from government or aviation desks in commercial banks anymore.

    He said it was time to think of “activating an aviation bank that will raise and manage funds and offer niche financial products for the aviation industry”.

    “With over 20 years in the industry, I can knowledgably confirm that luckily, aviation is not a pauper’s business.

    “Hence, finding depositors and shareholders will not be an insurmountable problem for capable promoters, but the political will is needed.

    “In the spirit of rethinking of and resting aviation, operators need to go beyond flying or selling and distributing tickets.

    “it is time to represent their challenges as rewarding opportunities to capable innovators, inventors and investors.

    “Maintenance of equipment, refining of aviation fuel, training and development of human capital, and other problems that are adversely affecting the sector can be thrown open to the market as opportunities for players outside the aviation sector.

    “To do all these and much more, requires the ability to conceive, shape and propose rewarding and sustainable partnership between the public and private sectors,” he said Kila also noted that NCAA, asides enhancing safety in the industry, should, for the sake of consumers and citizens, be working as a clearing house for delayed or stranded passengers.

    He said that they should ensure that stranded passengers of delayed and cancelled flights could fly with the next available flights.

    According to him, this is just as debit and credit card holders issued by one bank can easily withdraw money from the Automated Teller Machine (ATM) of any available bank.

    He also urged the government through the presiding ministry and its regulating agencies in collaboration with the ministry of finance to champion the case of aviation.

    The professor urged them to help make forex available and affordable to aviation operators.

    Speaking, the Chairman of the occasion, Mr Bankole Bernard, in his opening remark warned that the continuous rise of dollar against naira would spell doom for the industry.

    Bernard, the Group Managing Director, Finchglow Holdings, insisted that the situation was scary for all business entities in the country and appealed to the government to ensure a change.

    He advised the Nigerian government to take a cue from other advanced countries where airports are open for operations for 24 hours daily, but said some factors determine this.

    The managing director mentioned some of the factors to include routes, cost of operations and navigational equipment.

    Bernard argued that such operations would promote tourism and business growth across the country.

    He appealed to the federal government to assist the ailing domestic airlines to avoid accidents and incidents in the industry.


    NewsSourceCredit: NAN