Ethiopian Airlines, core investor in Nigerian Air

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Following a successful bid, Ethiopian Airlines has come up as the preferred bidder of Nigeria Air.

At a press breifing in the FCT on Friday, Minister of Aviation Sen. Hadi Sirika disclosed this.

 

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.

 

(Daily Trust)

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