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 News

China, Botswana Forge Strategic Pact to Expand Mineral Trade, Investment

Written by Amanze Chinonye China and Botswana have elevated their relations to a comprehensive strategic cooperative partnership, pledging to expand cooperation in mining, trade, investment and security, with a focus on improving access for Botswana’s diamonds and agricultural products to the Chinese market,

Angola’s Sonangol Presses Ahead with IPO Preparations Despite Delay

Written by Amanze Chinonye Angola’s state-owned oil company Sonangol is continuing preparations for a planned initial public offering (IPO), with internal work focused on ensuring the sale delivers value to prospective shareholders, Executive Board Member Osvaldo Inácio said. Join our WhatsApp Channel The

AEW Opens in Cape Town as Africa Seeks Investment for Energy Projects

Written by Amanze Chinonye African Energy Week (AEW) 2026 opened in Cape Town on Monday, bringing together government officials, energy companies, investors and project developers to explore opportunities for financing and developing Africa’s energy resources. Join our WhatsApp Channel More than 10,000 delegates

Kenya’s Debt Burden Raises Questions Over IMF Lending Conditions

Written by Amanze Chinonye Kenya’s mounting debt repayments are intensifying debate over the impact of International Monetary Fund (IMF) lending conditions, including tax increases and spending cuts, as the government faces a major refinancing challenge ahead of the August 2027 general election, Prime
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

Super Eagles Lose To Tunisia, Out of 2021 AFCON

Ten-man Nigeria’s run at the 2021 Africa Cup of Nations
3 Key French Players May Miss Sunday's World Cup Final Against Argentina

3 Key French Players May Miss Sunday’s World Cup Final Against Argentina

France players Raphael Varane, Ibrahima Konate and Kingsley Coman faces