Following plans to establish its proposed national carrier, the federal government has said it will on July 18, unveil the logo and name of the airline, at the Farnborough Air Show in the United Kingdom.
This is just as the minister of state for aviation, Hadi Sirika said the proposed national airline for Nigeria would be unveiled before the end of the year.
The Minister also added that by December 19, the first five aircrafts of the airline would be delivered.
Sirika, a former pilot, gave the assurance while receiving the outline business case certificate of compliance for the establishment of the airline from Chidi Izuwah, director-general, Infrastructure Concession Regulatory Commission (ICRC).
The minister said the presentation of the certificate was a testament on how far the project had gone.
It is understood that the proposed airline will gulp $8.8 million preliminary cost and $300 million as take-off cost.
“The federal 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. The airline will make profit in three years after operations.”
“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 lunch. It was not clear whether an order has been made for the aircraft, but the minister in May met a team from Boeing in Abuja.
“At Farnborough International Public Airshow 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,” he said.
Sirika explained that the government would step in to cover the funding gap at the onset and ease out thereafter.
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