FG suspends national carrier project, Nigeria Air indefinitely

FG suspends national carrier project, Nigeria Air indefinitely

The federal government has suspended the national carrier project, Nigeria Air indefinitely. Hadi Sirika, minister of state for aviation, made this kn

Aviation minister, Sirika restructures NCAA, sacks directors
GTCO Plc releases 2022 full year audited result…reports profit before tax of ₦214.2bn and FY dividend of ₦3.10
CAC extends N5,000 business name registration till March 31st

The federal government has suspended the national carrier project, Nigeria Air indefinitely. Hadi Sirika, minister of state for aviation, made this known on Wednesday.
“I regret to announce that the Federal Executive Council has taken the tough decision to suspend the National Carrier Project in the interim. All commitments due will be honoured. We thank the public for the support as always.”

Sirika didn’t give any reason for the decision. The airline, Nigeria Air, was unveiled in July at the Farnborough International Airshow in London and operations were scheduled to begin in December. At the unveiling, Sirika had said the airline will be managed by private investors with the federal government owning a five per cent stake in the business.

“Nigeria has unfortunately not been a serious player in Aviation for a long time. We used to be a dominant player, through Nigeria Airways, but sadly not anymore. The Nigerian government will not own more than 5% (maximum) of the new national carrier. The government will not be involved in running it or deciding who runs it,” he said at that time.