Ethiopian Airlines Consortium Wins Nigeria Carrier Bid

Sep 24 , 2022


A consortium with the Ethiopian Airlines Group as one of the major shareholders has won a bid to control Nigeria's national carrier – Nigeria Air. The other members of the consortium are Nigerian entities – MRS, SAHCO and the Nigerian Sovereign Fund, and FGN – which own 46pc and 5pc, respectively. Nigerian officials say the national carrier will be launched with three Boeing 737-800 aircraft and a shuttle service between Abuja and Lagos. The Ethiopian Airlines Group holds stakes in several other African airlines. This includes Togo's Asky Airlines, where Chief Executive Officer (CEO) Mesfin Tassew was serving as managing director when he was chosen to replace Tewolde Gebremariam as head of the Group. The Group registered revenues of five billion dollars last year.


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