RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Ethiopian Airlines to Manage Nigerian Air as It Begins Operation In October.

Victoria Attah by Victoria Attah
September 13, 2023
in Business, company news
Reading Time: 2 mins read
A A
0
Ethiopian Airlines to Manage Nigerian Air as It Begins Operation In October.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

After months of anticipation and controversy, Nigerian Air, the country’s new national carrier, is finally set to take to the skies by October this year. According to reports from Bloomberg, Mesfin Tasew, the CEO of Ethiopian Airlines, the company that owns a 49% stake in the airline, recently confirmed the scheduled commencement of operations in an interview with Bloomberg TV on Friday.

Ethiopian Airlines emerged as the winner in the bid to handle the operations of Nigeria Air back in 2022. However, the bidding process was marred by controversies, with local players expressing complaints about the alleged advantages given to Ethiopian Airlines. Despite the contentious circumstances, Tasew emphasized the company’s eagerness to see Nigeria Air become operational, serving both domestic and international routes.

AlsoRead

Depots Increase Petrol Prices to N1,230 per Litre Following Dangote Refinery’s Pricing Shift

SEC Gives Capital Market Operators Two Days to Submit Capital Flows Returns

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

The new airline is expected to kick off its operations with two wide-bodied planes and six narrow-bodied aircraft. Tasew highlighted Ethiopian Airlines’ objective to facilitate the establishment of a flag carrier for Nigeria. In the initial stages, Ethiopian Airlines will be actively involved in managing the airline to ensure its success and effective functioning.

Addressing the challenging business environment in Nigeria, Tasew expressed optimism based on the nation’s vast economic potential. While Nigeria has its unique set of business challenges, the sheer size of its economy and the inherent opportunities it presents make it an attractive market for the aviation industry.

Nigeria Air was originally unveiled in London in 2018, but the project was met with controversies and doubts. Former Aviation Minister Hadi Sirika launched the airline just days before the end of the Buhari administration, leading to questions about the ownership of the aircraft used during the launch. Eventually, it was confirmed that the planes belonged to Ethiopian Airlines.

As the nation eagerly awaits the commencement of operations for Nigeria Air, the aviation industry is poised for significant developments. The launch of a national carrier promises to boost the country’s air connectivity, foster economic growth, and enhance Nigeria’s presence in the global aviation arena.

With October fast approaching, all eyes are on Nigerian Air as it prepares to take its inaugural flight and embark on a journey to become a formidable player in the skies, representing Nigeria’s aspirations and ambitions on the international stage.

Tags: #NigeriaAviationControversyEconomic GrowthEthiopian AirlinesMesfin TasewNational CarrierNigerian AirOperations
Previous Post

Coinbase Revenue Hits $707.9 Million Beating Market Estimates in Q2 Forecast Earnings Report.

Next Post

FG Plans N5 Billion Upgrade for Abuja Rail Transit System Amid Economic Crises.

Related News

Nigeria Expends More Than $1 Billion Subsidizing Fuel in August as Petrol Supply Increases

Depots Increase Petrol Prices to N1,230 per Litre Following Dangote Refinery’s Pricing Shift

by Akpan Edidong
July 21, 2026
0

Private fuel depot owners across Nigeria have raised the price of petrol to between N1,200 and N1,230 per litre after...

SEC encourages youth’s participation in capital market.

SEC Gives Capital Market Operators Two Days to Submit Capital Flows Returns

by Victoria Attah
July 10, 2026
0

The Securities and Exchange Commission (SEC) has issued an urgent directive to all capital market operators to submit their second-quarter...

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

by Akpan Edidong
July 6, 2026
0

(petrol) to all licensed marketers, scrapping its previous consortium arrangement. The refinery also announced a fresh reduction in its ex-gantry...

Oil Prices Waver Near $80 as OPEC+ Meeting Looms and Supply Concerns Persist

OPEC+ Members Agree to Increase Oil Output by 188,000 bpd in August

by Akpan Edidong
July 6, 2026
0

Seven major OPEC+ producers have decided to raise their collective oil production quotas by 188,000 barrels per day starting in...

Next Post
FG Plans N5 Billion Upgrade for Abuja Rail Transit System Amid Economic Crises.

FG Plans N5 Billion Upgrade for Abuja Rail Transit System Amid Economic Crises.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Several African Currencies Forecast to Weaken Against Dollar – Analyst

July 24, 2026
Nigeria Exports Electricity Worth N23bn as Local Consumers Suffer Outages.

FG to Phase Out Electricity Subsidy, Introduce Cost-Reflective Tariffs Within a Year

July 24, 2026

Popular Story

  • PacWest Bank Crashes 57% Amid Regional Banking Crisis

    Total Energies Marketing Nigeria Plc appoints Mark Mannok as company secretary.

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day

    0 shares
    Share 0 Tweet 0
  • Naira Value Rises by N150 in Hours, Official Exchange Rate Now Higher Than Black Market

    0 shares
    Share 0 Tweet 0
  • Unjust Suspension of CBN Governor Raises concerns about the independence of the CBN

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>