Connect with us

News

National Airline Takes off in December, Says FG

Published

on

The federal government yesterday said the proposed national airline for the country would be unveiled in December, 2018.The Minister of State for Aviation, Senator Hadi Sirika, said this in a statement by the ministry’s Deputy Director, Media and Public Affairs, James Odaudu.

The minister, according to the statement, made this commitment while receiving the Outline Business Case Certificate of Compliance from the Director General of the Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwa, in Abuja.

According to the minister, “There is no doubt that the issue of national carrier for Nigeria is very close to the hearts of both the government and the people, which is the reason it has taken the option of a Public Private partnership with the belief that it was the only way to deliver a national carrier that would stand the test of time.”

Sirika also expressed satisfaction with the way the Transaction Advisers had carried out their assignments with utmost diligence and timeliness.

He assured that the National Carrier that would be delivered would be world class in operation and management.

The minister said the presentation of the certificate was a testament on how far the project had gone.

The proposed airline will gulp $8.8 million as preliminary cost and $300 million as take-off cost.

READ ALSO  Peace Corps Commandant Arrested By EFCC Over N54m Employment Scam

The project would be executed through a Public Private Partnership (PPP).

According to Sirika, Nigeria would receive the first set of five airplanes for the airliner on December 19.

The airline would 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 launch,” he said.

Sirika added, “At Farnborough International Public Air show 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.”

Advertisement

Trending