Ethiopian Airlines has disclosed that it negotiated for a 15-year tax moratorium and other incentives from the Federal Government during the botched national carrier project, the Nigeria Air deal. The 37-page document with suit number FHC/L/CS/2159/2022 was sworn to by the Country Manager of Ethiopian Airlines in Nigeria, Mr Wondwossen Beyene. Ethiopian Airlines declared its bid for the purchase of shares in the national carrier, like other Nigerian shareholders. The 2nd defendant did request tax incentives/concessions for the proposed fledging Nigerian airline, amongst other incentives, which is a normal international practice in international investment negotiations, and not against the law. Ethiopian Airlines, however, in its defence, said that it was not aware the Nigeria Air project was under a Public Private Partnership scheme, insisting it was absolute.

Source: Ethiopian News January 11, 2023 02:08 UTC