NEW NIGERIAN AIRLINE TO BE COMMISIONED SOON

The Minister of State for Aviation proposed national airline for Nigeria would be unveiled before the end of the year.

Mr Sirika, a former pilot, gave the assurance while receiving the Outline Business Case Certificate of Compliance for the establishment of the airline from Chidi Izuwah, the Director General, Infrastructure Concession Regulatory Commission (ICRC).

The minister said that the presentation of the certificate was a testament on how far the project had gone.

The proposed airline will gulp $8.8 million preliminary cost and $300 million as take-off cost.

The Nigerian government is not fully funding the airline. They adopted a midwifing it via the option of a Public Private partnership. Hence it will deliver a national carrier that would stand the test of time and be world class in operation and management.

According to Mr Sirika, Nigeria will receive the first set of five airplanes for the airliner on December 19.

The airline will make profit in three years after operations, he said.

We will make the investments and follow the business plan through private sector management.

We intend to get a 30 aircraft market in five years. But we will begin with five aircraft on the day of lunch. It is not clear about an order for the aircraft, but the minister in May met a team from Boeing in Abuja.

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