Infrastructure Shortfall Bane Of Aviation Sector Growth, Says FG   The backwardness in the aviation sector is due to the dilapidated or absence of infrastructure in the industry, the Federal Government declared on Tuesday. It, however, noted that the potential of aviation in Nigeria and Africa was...

Core Investors Upset Nigeria Air The last minute pull out of core investors forced Nigeria to suspend the establishment of a national carrier, Nigeria Air, information and culture minister Lai Mohammed has disclosed. He said in Lagos that the decision became necessary because the Federal Government...

Nigeria grounds Nigeria Air before take-off Nigeria’s government has suspended the proposed new national carrier, Nigeria Air, Minister of State for Aviation, Hadi Sirika, has said. The former pilot and promoter of the idea made the announcement on Wednesday through his Twitter handle. “I regret to announce...

Nigeria Air: FG Not Paying $300m for 5% stake Aviation Minister of State, Senator Hadi Sirika has said that the Federal Government is not paying 300 million dollars for a five per cent stake in the Nigeria Air recently unveiled in London. The Minister gave the...

Nigeria Air Needs $300m Initial Capital — FG   The new national airline, Nigeria Air, will require initial capital of between $150m and $300m, and the Federal Government is seeking a strategic partner to operate the carrier, according to a document seen by Reuters on Thursday. The...

Airlines To Save N11.6b Yearly From Removal Of VAT, Others   The planned review and removal of the mandatory Value Added Tax (VAT) on all air travel tickets issued in the aviation sector will save local airlines at least N11.55 billion in revenue yearly. The tax, which...