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The Vice-President of Airline Operators of Nigeria (AON), Mr. Allen Onyema said that their attention has been drawn to the news making the rounds that The post Aviation: Debts don’t amount to fraud – Onyema appeared first on Vanguard News .

August 31, (THEWILL) – The Airline Operators of Nigeria (AON) has denied the allegations, claiming that its members are defrauding or defrauded government agencies of N19 billion. The operators, in an official statement, issued Wednesday, signed by the Vice President of the group, Barr Allen Onyema, stated that “Airline Operations worldwide, is not a cash and […] The post N19bn Debt: AON Denies Allegation Of Defrauding Government Agencies appeared first on THEWILL NEWS MEDIA .

By Kelvin Osa Okunbor and Faith Yahaya Indigenous carriers owe aviation agencies over N42billion and $7.8 million for the non-remittance of ticket sales charge, cargo sales charge, navigational charges, aircraft landing and parking fees and other charges. The debt, according to the Director-General, Nigerian Civil Aviation Authority (NCAA), Capt Musa Nuhu , has accrued in the last few years. Specifically, the NCAA boss said the agency is owed N19 billion and $7.8 million by local carriers, warning that if the trend continued, the sector risked collapse. Aside from debts owed to the NCAA, the carriers also owe the Federal Airports Authority of Nigeria (FAAN) and the Nigerian Airspace Management Agency (NAMA) N18 billion and N5 billion. Nuhu, who made this known at the stakeholders’ meeting held with indigenous airlines and ground handling firms in Abuja yesterday, warned that if the debts owed were not paid back in the next few weeks, the aviation agencies and by extension the aviation sector risk collapse.

Aon plc found using ticker (AON) have now 12 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 335 and 250 calculating the average target price we see 304.5. Given that the stocks previous close was at 285.87 this would indicate that there is a potential upside of 6.5%. The 50 day moving average now sits at 280.22 and the 200 day MA is 289.61. The company has a market cap of $59,667m. Find out more information at: https://www.aon.com [stock_market_widget type="chart" template="basic" color="green" assets="AON" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $63,555m based on the market concensus. Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.

LONDON, 25 August 2022- Aon plc, a leading global professional services firm, has announced a collaboration with Jupiter, a leading provider of predictive data and analytics for climate risk management and resilience, that will assist global financial institutions in navigating the increasing volatility resulting from climate change.

James Platt, currently COO at professional services firm Aon (AON), is transitioning to the new role of Chief Digital Officer.As Chief Digital Officer, Platt will be responsible for…

LONDON, 5 Aug 2022- Aon plc, a leading global professional services firm, today named Becky Allison as chief operating officer of the firm''s Strategy and Technology Group in Reinsurance Solutions. Based in London, Allison will report to Colin Forrest, chief executive officer of STG, as well as Leonora Siccardi, global chief operating officer of Aon'' s Reinsurance…

According to Benzinga Pro, during Q2, Aon (NYSE: AON ) earned $514.00 million, a 50.95% increase from the preceding quarter. Aon''s sales decreased to $2.98 billion, a 18.72% change since Q1. Aon earned $1.05 billion, and sales totaled $3.67 billion in Q1. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company''s ROCE. A higher ROCE is generally representative of successful growth of a company and is … Full story available on Benzinga.com

Harrogate Town footballers have cut the ribbon at the official opening Aon''s new premises at Hornbeam Business Park.

For the first six months of 2022, revenue increased $242 million, or 4%, to $6.7 billion compared to the prior year period due primarily to organic revenue growth of 8%, partially offset by a 3% unfavorable impact from foreign currency translation and a 1% unfavorable impact from acquisitions, divestitures, and other.• Operating expenses were $2.3 billion, an…

U.K.-based Aon PLC warned that major loss activities continue to hurt global reinsurers this year, with the Russia-Ukraine war and surging inflation adding fuel to the fire.

Aon (NYSE: AON ) has outperformed the market over the past 10 years by 7.5% on an annualized basis producing an average annual return of 19.59%. Currently, Aon has a market capitalization of $58.99 billion. Buying $100 In AON: If an … Full story available on Benzinga.com

Airline Operators of Nigeria (AON), has explained the situation surrounding the scarcity of aviation fuel in the country, and the agreement with oil marketers to secure the product for N480 per litre. In an interview, AON Spokesperson Prof. Obiora Okonkwo blamed the continuous scarcity of aviation fuel on the ongoing war between Russia and Ukraine. His words: Well, we are aware that since the war between Russia and Ukraine started, the markets all over the world have had some changes, with the hike in prices of fuel, diesel, Jet-A1, PMS. Continue reading Why Aviation Fuel Continues To Be Scarce – Nigerian Airlines at BizWatchNigeria.Ng.

Aon plc found using ticker (AON) have now 11 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 338 and 286 calculating the mean target price we have 312.91. Given that the stocks previous close was at 266.66 this indicates there is a potential upside of 17.3%. The 50 day MA is 308.12 and the 200 day moving average is 295.02. The market capitalisation for the company is $55,795m. Company Website: https://www.aon.com [stock_market_widget type="chart" template="basic" color="green" assets="AON" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $65,473m based on the market concensus. Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.

Increasing cost of operations triggered by skyrocketing price of Jet A1 is pushing indigenous carriers to the edge. Efforts to rescue the airlines from imminent collapse by the government have not yielded the desired results. A raft of interventions canvassed by experts and stakeholders to alter the stakes, including a request for licence to import aviation fuel by local carriers, is yet to get regulatory approval. KELVIN OSA-OKUNBOR writes on the need for the government to come to the aid of the struggling carriers. These are not the best of times for players in the aviation sector as recurring threats by indigenous carriers to shut operations whenever there is a spike in the price of Jet A 1, otherwise known as aviation fuel, is giving the government and citizens serious concern. The intrigues that played out last week over plans by indigenous carriers not to operate flights protest the skyrocketing price of aviation fuel, which moved from N190 per litre to the speculated N700 per litre in the last one year, has exposed the underbelly of the industry.