The proposed national airline for Nigeria would be unveiled before the end of the year, the Minister of State for Aviation Sen. Hadi Sirika has confirmed.
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 as it has adopted midwifing it via the option of a Public Private partnership, to deliver a national carrier that would stand the test of time and be world class in operation and management, he said. .
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,” he said.
“At Farnborough International Public Airshow coming July 18, 2018 in London, we will unveil the name, logo, colour scheme, the structure and the type of airplane about the national carrier. We will also place the order for the aircraft at the event,” he said. 📷: NAN
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