Business
Dana Air CEO Meets Minister of Aviation, Hints on Fresh Investment, New fleet of aircraft
One of Nigeria’s leading airlines, has announced a significant step forward in its journey towards a vibrant resurgence in the aviation sector.
The CEO of Dana Air, Jacky Hathiramani disclosed this recently in Abuja during a crucial meeting with the Honorable Minister of Aviation and Aerospace Development Festus Keyamo.
According to the CEO, Dana Air has made significant progress in its commitment to revitalize its operations and the Board of the airline is currently in talks with a new investor who is also very eager to infuse fresh ideas, a different fleet of state-of the-art aircraft type and possibly new hires signaling a promising future for the airline and the industry as a whole.
”In line with its vision for growth, innovation and excellence, Dana Air is eagerly anticipating the arrival of brand new aircraft, which will not only enhance its operational efficiency but also elevate the overall passenger experience.
”These modern fleet of aircraft are set to redefine air travel standards, passengers comfort and safety and reinforce Dana Air’s position as a preferred choice for travelers across Nigeria
”We are thrilled about the exciting developments on the horizon for us at Dana Air and With the support and commitment of our new investor who is likely to have a major stake, we are poised for a remarkable comeback that will exceed expectations and set new benchmarks in the aviation industry.”
The CEO of Dana Air expressed sincere apologies to the airline’s loyal customers and valued partners for the temporary absence from the market and any inconveniences that may have been experienced. He However, he reassured them of Dana Air’s unwavering commitment to delivering safe, reliable, and customer-centric services upon return soon.”
Dana Air is one of Nigeria’s leading airlines, committed to providing safe, reliable, and customer-centric air transportation services. With a focus on innovation, efficiency, and excellence, Dana Air strives to exceed passenger expectations while contributing to the growth and development of Nigeria’s aviation industry.
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Business
WEF could appoint Lagarde as its next chair, sources say
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
•European Central Bank President Christine Lagarde
The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB.Lagarde’s ECB term is scheduled to end in October 2027.
Leaving early would give European Union leaders a chance to pick a new ECB President before France’s spring presidential election, which opinion polls suggest the far-right could win, and could pave the way for a deal involving two other senior ECB roles.
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
No final decision has been taken yet, they said.
A spokesperson for the WEF said the forum could not confirm when the next full Board of Trustees meeting would take place, but that the aim was to hold one before the end of the year.
Business
Germany plans tax on sugary drinks
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
The German cabinet has approved draft legislation to tax sugary drinks in Europe’s biggest economy.
If passed by the German Bundestag, the tax will take effect on 1 July 2027.
The coalition aims to raise revenue for the federal budget while encouraging manufacturers to reduce sugar content and offer healthier products.
The levy is intended to ease pressure on the healthcare system, which faces costs of more than €2 billion every year linked to the high consumption of sugary drinks, which contributes to obesity, diabetes and tooth decay.
According to the federal government, Berlin is using the tax to implement “what associations from the fields of health, science, child protection, and consumer protection have long been demanding.”
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
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