Ethiopia-Nigeria-Economy

Ethiopia and Nigeria announce airline partnership

APA-Addis Ababa (Ethiopia)

Ethiopian Airlines has been chosen as the core investor and partner for Nigeria’s new flag carrier, APA can report on Tuesday.

Nigeria Air has been in the works for a while now and has slowly been approaching a full launch, pending support from partners.

According to a document seen by APA, Nigeria’s federal government has formally chosen Ethiopian Airlines (Ethiopian) as a partner for the long-awaited Nigeria Air.

The deal includes a 49 percent equity share for the airline, joined by 5 percent from the government since the project is set to be private-public.

Notably, Ethiopian is sticking to its policy of not investing cash into a new business. 

Instead, the airline will leverage its technical prowess, an abundance of aircraft, and management skills to establish Nigeria Air in years.

Meanwhile, the Ethiopian Airlines on Monday launched direct flights to the Jordanian capital, Amman from its hub in Addis Ababa.

 The airlines will conduct three-times-weekly flights to Amman and they would be operated by Boeing 737 aircraft, the airlines said in a statement.

“The inclusion of Amman in Ethiopian route map will increase the cities we serve in the Middle East to 13,”Ethiopian airlines Executive Officer Mesfin Tasew, said during the inaugural ceremony.

A leader in continental aviation, Ethiopian Airlines commands the lion’s share of the Pan African passenger network operating the youngest and most modern fleet to 130 international destinations across five continents.


MG/as/APA

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