The Eagle OnlineThe Eagle Online
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Videos
Facebook Twitter Instagram
Trending
  • 2023 Presidency: APC PCC  launches ‘The Thinking Cap’ App to bridge knowledge gap among youths
  • 2023 Presidency: Atiku-Okowa’ll bring back jobs, manage debts transparently – PDP PCC Spokesman
  • False Information Saga: FG files additional evidence against three accused Lawyers
  • FIFA Club World Cup kicks off in Morocco
  • Atiku on the right side of history, by Babajide Balogun 
  • Serena hints at tennis return
  • Ikpeazu pays condolence visit to the Ikonnes 
  • YABATECH Partners Commonwealth group on youth employability
Facebook Twitter Instagram
The Eagle OnlineThe Eagle Online
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Videos
The Eagle OnlineThe Eagle Online
Home»Business»Why Nigeria Air was suspended – Minister
Business

Why Nigeria Air was suspended – Minister

The Eagle OnlineBy The Eagle OnlineSeptember 25, 2018No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Nigeria Air New National Carrier image
Share
Facebook Twitter LinkedIn Pinterest Email

The Minister of State, Aviation, Senator Hadi Sirika, has disclosed that the national carrier (Nigeria Air) project was not suspended because of lack of investors.
A statement by James Odaudu, Deputy Director, Media and Public Affairs, Ministry of Transportation, on Tuesday, said the national carrier project had an avalanche of well-grounded and ready investors.
The investors, according to Sirika, include international finance institutions such as the Afro-Exim Bank, African Development Bank, Standard Chartered Bank, aircraft manufacturers – Airbus and Boeing.
Sirika said: “They also include airlines such as Ethiopian Airlines, Qatar Air etc. and some reputable individuals and entrepreneurs.
“The Office of the Minister of state for Aviation has noted, with consternation, various opinions, comments and observations in the media regarding the status and the reasons for the recent suspension of the processes leading to the establishment of a Nigerian national carrier.
“Among the reasons being given for its suspension, especially in the social media is the absence of interested and ready investors.
“This couldn’t be farther from the truth, as the national carrier project has an avalanche of well-grounded and ready investors.”
The minister also stated that the country’s participation at the Farnborough Air Show in the United Kingdom in July was not for the sole purpose of unveiling the Nigeria Air logo contrary to public belief.
He explained that the air show was also a meeting point with those potential investors who saw the event as another opportunity to market and re-emphasize their interests in the project.
Sirika said: “It is also pertinent to clarify that the Federal Executive Council only suspended the process for the establishment of the national carrier for the time being.
“The project has not been killed.”
The News Agency of Nigeria recalls that Sirika had on September 19, announced the decision of FEC to suspend the project for ‘strategic reasons’ without giving further details.
The decision has elicited reactions from many stakeholders and other Nigerian who have suggested different reasons for the suspension of the project.

Afreximbank African Development Bank Aviation hadi sirika James Odaudu Nigeria Air Standard Chartered Bank
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
The Eagle Online

Related Posts

Redesigned Naira: CBN advises Nigerians to patronise POS, open Savings account

February 1, 2023

Alleged ban on strikes in aviation, other sectors, threat to industrial peace – TUC

February 1, 2023

Sahara Group unveils ‘MAD’ opportunities for young graduate trainees

February 1, 2023
© 2023 The Eagle Online.
  • Home
  • Privacy Policy
  • Advert Rates
  • Submit News
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.