There have been some developments in the aviation sector as the Federal Government moves to realize a national career before the end of 2022
Stakeholders in the sector have called on the Government to disclose the identities of the strategic foreign investors showing interest in the Nigeria Air project.
This came as the Federal Executive Council recently approved three aircraft to kick-start operations of the national carrier.
The role of the Federal Government in setting up the airline is to assist the carrier by providing the initial capital of between $150m and $300m.
The money is expected to be released in tranches from the start of operations through to the first few years after operations’ kickoff.
The government had made it clear that the national carrier would be private sector driven and run on a purely commercial basis, with zero interference from the government.
The proposed carrier has secured its Air Transport License and is in the process of obtaining its Air Operator Certificate from the Nigerian Civil Aviation Authority.
The Minister of Aviation, Senator Hadi Sirika, had stated that the Federal Government would hold not more than five percent shares in the airline and Nigerians would have 46 percent equity, while 49 percent shares were reserved for strategic foreign investors.
