High Court Stops Nigeria Air Deal

The Federal High Court sitting in Lagos has granted an order of interim injunction restraining Nigeria Air Limited, Ethiopian Airlines, the Minister of Aviation, Hadi Sirika and the Attorney General of the Federation, Abubakar Malami from executing the AGREEMENT BETWEEN THE FEDERAL GOVERNMENT OF NIGERIA and the strategic equity partner, Ethiopian Airlines.

Justice Ambrose Lewis -Allagoa granted the order while ruling on a exparte application brought by the Registered Trustees Of The Airline Operators Of Nigeria all of whom are listed as plaintiffs in a suit they filed against the defendants.

The order, which was granted on Tuesday, restrained the defendants as represented by the Minister of Aviation and the AGF and the strategic equity partner, as represented by Ethiopian Airlines from giving effect to and or suspending the sale and transfer of the shared and operations of Nigeria Airlines and Ethiopian Airlines pending pending the determination of the motion on notice

The court also asked all parties to maintain status quo and refrain from taking further steps in the suit pending the determination of the motion on notice.