Ethiopian Airlines to Take a Large Stake in Nigeria Air
Posted on 10/06/2022
Nigeria Air is a new national airlines company. Ethiopian Airlines will own 49% of the equity in Nigeria Air, Nigeria’s federal government will control 5% equity, while a consortium of Nigerian investors (MRS Oil Nigeria Plc, Skyway Aviation Handling Company Plc, and other investors) will have 46%.
Nigeria Air is the nation’s proposed national carrier which was unveiled at the Farnborough Air Show in England on July 18, 2018. Nigeria’s defunct carrier, Nigeria Airways, collapsed due to corruption and poor management.
Ethiopian Airlines, formerly Ethiopian Air Lines, is the flag carrier of Ethiopia, and is wholly owned by the country’s government.
