MON 07 MARCH, 2022-theGBJournal- The Federal Government has issued a notice to private sector partners and consortia to submit proposals for the take-over of the new national carrier, the Nigeria Air.
The private sector partners and consortia are expected to comprise of an international airline with maximum of 49% stake, and Nigerian Financial and Institutional investors with minimum of 46% shares.
The total Nigerian shareholding is expected at a minimum of 51% of the shares of Nigeria Air, including the 5% non-interactive FGN share, ‘’as required by international laws for a National Carrier.’’
The Federal Ministry of Aviation which put out the notice says the move is part of efforts towards diversifying the economy, promoting competitiveness of the aviation sector, boosting productivity, and enhancing economic.
President Muhammadu Buhari had earlier given approval to a new deadline set for the take off of the airlines operation, which is June 2023.
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