While receiving the Outline Business Case Certificate of Compliance for the establishment of the airline from Chidi Izuwah, the Director General, Infrastructure Concession Regulatory Commission (ICRC), Nigeria’s Minister of State for Aviation, Hadi Sirika, announced that the proposed national airline for Nigeria would be unveiled before the end of the year.
The minister who disclosed that Nigeria will receive the first set of five airplanes for the airliner on December 19, added that the presentation of the certificate was a testament on how far the project had gone.
Though 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, the Minister told newsmen that the proposed national airline will gulp $8.8 million preliminary cost and $300 million as take-off cost. It is expected 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. The Minister, who is a former pilot further told newsmen that the national carrier would not kill the domestic airlines operating in the country. According to him, the government would not get involved in the management of the national carrier.