FG Selects New Foreign Investor, Technical Partner For Nigeria Air

September 16, 2022
FG Selects New Foreign Investor, Technical Partner For Nigeria Air
FG Selects New Foreign Investor, Technical Partner For Nigeria Air

The Nigerian government has reportedly entered into an agreement with Ethiopian Airlines, that will see the latter become a technical partner, as well as core investor in Nigeria Air. 

It was gathered that the Aviation Ministry sent pilots to Addis Ababa for an ab-initio training. The pilots are expected to also undergo training on Boeing 737 NG aircraft, which Nigeria Air will be using when it commences operation in June 2023. 

Join our WhatsApp Channel

“Yes, we have selected Ethiopian Airlines. We have agreed to work with the airline, and we are hoping to make the announcement soon.” Someone with information on the selection told This Day on Thursday. 

The unnamed source added, “I heard the minister sent some pilots there some time ago for training. But it was ab-initio training. They are also preparing for the training of pilots on Boeing 737 NG aircraft. Ethiopian will provide the technical management.” 

READ ALSO: Trapped Funds: Emirates Airlines To Proceed On Suspension of Nigerian Flights Despite CBN Intervention

Explaining why the government went with Ethiopian Airlines,  the source said, “Ethiopian Airlines has the equipment needed for the startup of the new national carrier, Nigeria Air. 

“It has many Bombardier Dash 8 aircraft, which would be the equipment that would be deployed with the additional deployment of a few Boeing B737 NG aircraft. The airline is most prepared to support the Nigerian government to actualise its national carrier ambition.” 

The new development comes four months after the Nigeria Civil Aviation Authority (NCAA) issued a 5-year Air Transport Licence (ATL) to Nigeria Air in June 2022. It is expected to expire on June 2, 2027.

+ posts

Featured Stories

Latest from Business

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

NGX Market Cap Rises By N1.36trn, Traders Exchange N20.56bn Shares

The market capitalisation of the Nigerian Exchange (NGX) increased by N1.36 trillion to N107.86 trillion on Wednesday, February 4, up from the N106.49 trillion reported on Tuesday, February 3. Also, the all-share index (ASI) appreciated to 168,030.18 ASI, from 165,901.57 ASI, representing a
Stock Market Traders Favoured Ikeja Hotel Over Transcorp Hotels in 2025

Nigerians Spent N81bn On Hotel Rooms In 2025

Over N81.33 billion was spent on hotel rooms in Nigeria in 2025, up from the N58.42 billion expended in 2024, representing a N22.90 billion or 39.20 percent increase, according to Prime Business Africa’s analysis. The amount is based on revenue generated by
Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

Dollar Records Mixed Fortune In Parallel, Official Markets

On Tuesday, February 3, the United States dollar (USD) increased in value to N1,457.91 kobo per $1 in the black market, above the N1,454.99 kobo/$1 recorded on Monday, February 2. The dollar rate increased by N2.92 kobo during trading in the black
The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

IMG, Union Dicon Lift NGX Market Cap By N332.48bn

Over N332.48 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Tuesday, February 3, after the all-share index (ASI) appreciated 0.31 percent. The gain was reflected in the market capitalisation, which increased from N106.16 trillion on
Previous Story

Arteta Wins Barclays Manager Of August Prize

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria
Next Story

Stock Market: Over N35.19 billion Lost, As Sell Off Sinks NGX Group, Unity Bank, Others

Don't Miss

ATMIS conducts training on human rights for public officers in Jubaland state

MOGADISHU,Somalia, 11 September 2023 -/African Media Agency(AMA)/-Twenty-one officers from Jubaland
Dabiri-Erewa Hails Nigerian Diaspora For GDP-boosting Remittances, Pushes Diaspora Voting

Dabiri-Erewa Hails Nigerian Diaspora On GDP-boosting Remittances, Pushes Diaspora Voting

Abike Dabiri-Erewa,  the chairman and chief executive of the Nigerians