Ethiopian Airlines Emerge as Core Investor in Nigeria Air

Ethiopian Airlines Emerge as Core Investor in Nigerian Air (News Central TV)

The federal government of Nigeria has announced Ethiopian Airlines as technical partner and core investor for the establishment of its planned national carrier, the Nigeria Air -following a successful bid.

Disclosing this in a press briefing in Abuja on Friday, the Minister of Aviation Senator Hadi Sirika said the airline won the bid with a consortium and they will have 95 controlling shares.

Ethiopian Airlines Emerge as Core Investor in Nigerian Air (News Central TV)
Nigeria’s Aviation minister Hadi Sirika speaks following a press conference at the Farnborough Airshow, south west of London, on July 18, 2018. – The Nigerian government launched plans on Wednesday to create new flag carrier airline Nigeria Air by the end of this year. (Photo by Adrian DENNIS / AFP)

Ethiopian Airlines will have 49 percent equity while the other consortium will have 46 percent and the Federal Government will own 5 percent equity.

The Minister explained that Ethiopian Airline was the only airline that met the bidding close date and also met the evaluation criteria.

Your Friends Also Read:  South Africa’s Rand Falls as Ukraine Crisis Lingers

Last week, following a provisional approval by the National Universities Commission, (NUC), Sirika stated that was set for the take-off of the African Aviation and Aerospace University, AAAU, Abuja.

Details shortly.


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares

Leave a Reply

Previous Article
Air Controller Strike Threatens Africa Travel (News Central TV)

 Air Controller Strike Threatens Africa Travel

Next Article
Bandits Abduct Chieftains of Ruling APC in Kaduna ( News Central TV)

BREAKING: Bandits Abduct Chieftains of Ruling APC in Kaduna

Related Posts
Powered by Live Score & Live Score App