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.

Featured Stories

Latest from Business

Black Market, Official Window FX Rates Gap Widens By N100

The gap between the black market and the official window widened to N100.88 kobo on Monday, February 16, from N49.58 kobo on Friday, February 13. In the black market on Monday, the foreign exchange (FX) rate for the United States dollar (USD) increased

BUA Group Signs Strategic Partnership with UAE Firms

BUA Group has signed a strategic Memorandum of Understanding (MoU) with UAE-based AD Ports Group and MAIR Group in Abu Dhabi, in a deal aimed at strengthening industrial development, trade, and logistics between West Africa, the Gulf, and Asia. The agreement follows
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

Varsity Curriculum: Stop Misleading Nigerians, NUC Warns ASUU

Varsity Curriculum: Stop Misleading Nigerians, NUC Warns ASUU

The National Universities Commission (NUC) has warned the Academic Staff
I Never Said I’ll Be Vice President To Anyone – Obi

Obi Hails Cancellation Of 40% IGR Deduction From Nigerian Universities, Calls For Review Of TetFund Disbursement

Labour Party presidential candidate in the 2023 election, Mr Peter