Ethiopian Airlines, core investor in Nigerian Air

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)