Seeking cash and skills, country could offer more than 50 per cent of the company - named Nigeria Air - set to operate 30 aircraft and across 80 routes
Nigeria to launch new national airline in December
Nigeria revealed plans for a new national airline and said a majority stake could be available to an overseas backer as it seeks know-how and cash to help the start-up avoid the fate of former flag carriers.
The West African state has no cap on overseas ownership of its airlines and would be prepared to offer more than 50 per cent of the company - named Nigeria Air - to a strategic ally, Tilmann Gabriel, who is helping to coordinate the project, said at the Farnborough Airshow.
Nigerian Aviation Minister Hadi Sirika held talks at the expo with the chiefs of Ethiopian Airlines Enterprise, Africa’s biggest carrier. Other operators are also interested, according to the executive, who said the new airline will have a fleet of 30 aircraft and operate 80 routes, half of them international, within four years.
In unveiling the plan for Nigeria Air, which will have a tail design featuring an eagle-like swirl in green and white, Mr Sirika said that having once been dominant in African aviation, Nigeria has a “huge need and desire” for a national airline.
Africa’s most populous nation has struggled for decades to support a viable home-grown carrier, with a succession of operators collapsing or slashing routes. That’s left the oil-rich country dependent on services provided mainly by European and Persian Gulf airlines for trips beyond the region.
Former flag-carrier Nigeria Airways collapsed in 2003, with successor Air Nigeria - founded as a joint venture with Richard Branson’s Virgin Group - folding in 2012. Private operator Arik Air was taken over by Asset Management of Nigeria last year, leading long-haul flights to be suspended.
The new operator plans to begin flying in December with a fleet of 15 leased aircraft, and has started talks with Airbus and Boeing on buying new aircraft. The requirement includes short-haul planes for local and domestic flights plus wide-bodies for flights to long-haul locations such as London and New York. Inter-continental services should begin in the middle of next year.
Ethiopian Air chief executive Tewolde GebreMariam said on Tuesday that his company was interested in the Nigerian project. Ethiopian, Africa’s only consistently profitable carrier, serves about 70 global cities and 60 across Africa from its hub in Addis Ababa. It already owns stakes in carriers in Malawi and Togo and is seeking to establish holdings in Zambia, Chad, Mozambique, Guinea and Eritrea while helping to manage existing operators in Equatorial Guinea and the Democratic Republic of Congo.