Embattled Nigeria Air: Ethiopian Airlines selected as technical partner, core investor – Report

The Federal Government has reportedly picked Ethiopian Airlines as a technical partner and core investor for the planned national carrier, Nigeria Air.

According to a source at the ministry of aviation who spoke to newsmen yesterday, said that representatives of the ministry had travelled to Addis-Ababa to finalise the agreements, adding that the selection will be announced soon

“Yes, we have selected Ethiopian Airlines. We have agreed to work with the airline, and we are hoping to make the announcement soon”, the source was quoted as saying. The source further stated that the ministry had started a training programme for the personnel of the planned national carrier at the Ethiopian Airlines facility in Addis Ababa.

The source also said that Ethiopian Airlines would provide equipment, technical personnel and management for the airline.

Recall that at the end of the first Federal Executive Council (FEC) meeting in September, the Minister of Aviation, Hadi Sirika, said the Federal Government had spent N651 million on transaction advisory services for the airline project.

According to him, the ministry would soon request the Council’s approval of the full business case, a public-private partnership guided by the Infrastructure Concession Regulatory Commission (ICRC) regulations.

Recall also that the Federal Government had said it would have a 5% stake in the Nigeria Air project, with no government control. In April, Sirika disclosed that Emirates Airlines also indicated an interest in the airline project

The airline had obtained an air transport licence (ATL), the preceding step to acquiring an air operator’s certificate (AOC). The airline applied for the certificate in April 2022.

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