Nigeria Air
Barring any unforeseen circumstances, Nigeria Air will take off in April 2022.
This position was made known by the Minister of Aviation, Senator Hadi Sirika.
The development is coming sequel to the approval of the outline business case for the establishment of the national carrier by the Federal Executive Council, FEC, on Wednesday (yesterday).
Announcing in Abuja while briefing State House correspondents at the end of the FEC meeting, Sirika explained that it was the sixth attempt to get the outline business case approved.
The Minister said, “Today in Council, civil aviation presented two memorandum. The first one is approval for the award of contract for the provision of Automated Civil Aviation Regulatory Equipment, including software support and training, which will be located in Nnamdi Azikiwe International Airport.
“The next one also is approval of the outline business case for the establishment of the national carrier and this is the sixth time the memorandum appeared before Council. The sixth time, we got lucky to be passed by Council.
“The structure of the proposed airline, the government will be owning not more than five per cent. So, five per cent is the maximum equity that government will take, then 46 per cent will be owned by Nigerian entrepreneurs.
“So, if you add that, it’s 51 per cent. So, it’s 51 per cent majority shareholding by Nigerians and then 49 per cent will be held by strategic equity partner or partners that will be sourced during the procurement phase, which is the next phase.”
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