Ethiopian Airlines emerges core investor in Nigeria Air with 49% shareholding - News Summed Up

Ethiopian Airlines emerges core investor in Nigeria Air with 49% shareholding


Ethiopian Airlines is the preferred bidder for Nigeria Air, the Nigerian government said Friday, as it prepares for the commencement of operations of Nigeria’s new national carrier. “National Carrier– Nigeria Air”Nigeria Air is the nation’s proposed national carrier which was unveiled at the Farnborough Air Show in England on July 18, 2018. “No further FGN funding will be provided above the 5% share capital of the next national Carrier of Nigeria, which was provided to launch Nigeria Air,” Mr Sirika said. On June 10, it said the Ministry received on time one closed bid by the Ethiopian Airline Consortium. “The Ethiopian Airline Consortium got a combined score (Technical and Financial Bid) of 86.7%,” it added.


Source: Ethiopian News September 23, 2022 23:22 UTC



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