3 Investors Line Up for $350 Million Proposed Nigeria Air

Three investors have been lined up for the $350 million proposed Nigeria Air, with Ethiopian Airline having 49 percent stake.

Nigeria has just five percent while 41 percent of the $350 million investment would be supplied by private, Nigerian investors.

Minister of Aviation, Senator Hadi Sirika, disclosed this at the third edition of the PMB Administration 2015-2023 scorecard, which was held in Abuja, yesterday.

The minister said the national carrier is on its way to be launched with 737 and would first concentrate on domestic operations before venturing into an international operation.

Meanwhile Several aviation workers unions have threatened to embark on strike in protest against the concession plan of the federal government of four international airports.

Employees under various unions in the aviation sector vowed to resist the moves by the government to sell off the Lagos, Abuja, Port Harcourt and Kano international airports.

The Federal Ministry of Aviation had announced Corporacion America Airports Consortium as the preferred bidder for the Nnamdi Azikiwe. Also, ENL Consortium was selected as the reserve bidder for NAIA.