The Minister of state for Aviation, Hadi Sirika, on Wednesday unveiled the name and logo of the new national carrier, Nigeria Air, whose colour is green white green.
Speaking at the ongoing Farnborough International Airshowin London, Sirika said the government will not own more than five per cent of the airline, adding that the airline will make profit in three years after operations.
The former pilot stated that Nigeria will receive the first set of five airplanes for the airliner on December 19 and own 30 aircraft in five years.
While disclosing that operations are scheduled to begin in December 2018, he stated that the airline will have flights on 81 domestic, regional and international routes.
Sirika said 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.
His words, This is an important day for Nigeria. The largest economy in Africa, largest population, GDP of around half a billion dollars, and the only true aviation player in West and Central Africa,” he said.
“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.
“This will be a national carrier that is private sector led and driven. It is a business, not a social service. The government will not be involved in running it or deciding who runs it. The investors will have full responsibility for this.
“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.
“New terminals in Lagos and Abuja Airports will add 11 million passenger capacity in each of the two airports.”