Nigeria Air (NWB, Lagos) - the planned joint venture between the Nigerian federal government and an Ethiopian Airlines-led consortium - plans to start operations as early as October 2023, according to Ethiopian Airlines Chief Executive Officer Mesfin Tasew. The new president, Bola Tinubu, took office on May 29, 2023, and, together with the Council of Ministers, must still approve the public-private partnership (PPP) process to establish Nigeria Air. It will be a 51/49 PPP between the federal government and the consortium of Nigerian investors led by Ethiopian Airlines. The Nigerian government will own 5% of Nigeria Air. He said Nigeria Air would start with 15 domestic routes before expanding regionally and internationally to London (UK), New York (US), and Shanghai Pudong (China).

Source: Ethiopian News August 08, 2023 15:08 UTC