Ethiopian Airlines (ET) Consortium has been selected as preferred bidder for the operation of Nigeria Air, following a detailed and Infrastructure Concession Regulatory Commission (ICRC)- governed selection process.
Nigeria Air is a proposed airline and flag carrier in Nigeria. The name and logo was unveiled at the Farnborough Air Show in the United Kingdom in July 2018.
The Honourable Minister of Aviation, Senator Hadi Sirika who made this known in Abuja, while updating status of the Nigeria Air and the PPP Bidding Process, says the contract will be negotiated between the consortium and the Federal Government, leading to a Full Business Case, which will be expected to be approved Federal Executive Council (FEC).
The business arrangement will offer an owner consortium of 3 Nigerian investors MRS, SAHCO and the Nigerian Sovereign Fund (46%), Ethiopian Airlines 49%, and the Federal Government owning 5% Explaining further, the Minister said that the National Carrier, Nigeria Air, is well on its way to being launched with three Boeing 737-800, with a shuttle service between Abuja and Lagos to establish a new comfortable, reliable and affordable travel between these two major Nigerian Airports. Other domestic destination, he said, will follow thereafter.