Federal Government has selected Ethiopian Airlines as its technical partner and core investor for the establishment of Nigeria Air.
According to ThisDay, the Ministry of Aviation disclosed the development to newshounds on Friday.
Choosing Ethiopian Airlines will put to an end, several months of speculations about who become the technical partner and core investor in Nigeria Air.
The Ministry of Aviation had travelled to Addis Ababa in Ethiopia to start discussions with the East African carrier with indications that the agreement would be signed after the meeting.
“Yes, we have selected Ethiopian Airlines. We have agreed to work with the airline and we are hoping to make the announcement soon,” a dependable source from the Ministry of Aviation told ThisDay.
The federal government, which midwifed the project, said it would have a five per cent stake because the airline would be private sector driven.