Nigeria Air has lastly introduced a launch date, June 2023

The Infrastructure Concession Regulatory Fee (ICRC) of Nigeria has acknowledged that it’s “working across the clock” to make sure that Nigeria Air is totally operational by June 2023.

“I need to reassure Nigerians that we’re working across the clock to make [Nigeria Air] functioning,” ICRC Director-Common Michael Ohiani acknowledged.

“We’re working with the Ministry of Aviation, and we just lately obtained presidential approval.” I can inform you that Nigeria Air will start flying earlier than the conclusion of this administration.”

Nigeria Air was established in 2004 as a three way partnership between Virgin Group and a bunch of Nigerian buyers, nonetheless, it ceased operations in 2012.

Nigeria’s Minister of Aviation, Hadi Sirika, mentioned in November 2021 that Nigeria Air would start operations in April 2022 after receiving authorization from the Federal Government Council (FEC). Nonetheless, it seems like the unique launch can be pushed again.

In accordance with Easy Flying, the present proposal for Nigeria Air’s possession is for fairness buyers to carry 49 p.c, Nigerians to personal 46 p.c, and the Federal Authorities of Nigeria to personal 5%.

The Federal Authorities additionally intends to determine a Nigerian aviation leasing agency, as Director-Common Ohiani defined: “Expertise has proven that so that you can have a viable aviation trade, you’ll want to have a leasing firm in order that the operators can readily purchase fleets of planes.”

This deliberate leasing group will lease plane from worldwide lessors earlier than sub-leasing them to Nigerian carriers within the brief time period, with the long-term aim of buying its personal plane and leasing them on to carriers.

 

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