Ethiopian Airlines has emerged the preferred bidder of Nigeria Air, following a successful bid. The Minister of Aviation Sen. Hadi Sirika disclosed this in at a press briefing in Abuja on Friday. He said the airline won the bid with a consortium and they will have 95 controlling shares. Ethiopian Airlines will have 49 percent equity while the other consortium will have 46 percent and the Federal Government will owe 5 percent equity. The Minister disclosed that Ethiopian Airline was the only airline that met the bidding close date and also met the evaluation criteria.

Source: Ethiopian News September 24, 2022 00:48 UTC