The Federal Executive Council FEC has approved April 2022 as official date for the commencement of the operations of much-awaited Nigeria Air.
The Minister of Aviation, Hadi Sirika, said this when he along with Ministers of Transportation, and Finance, Budget and National Planning, Rotimi Amaechi and Zainab Ahmed, respectively, briefed State House correspondents on the outcome of the FEC meeting.
The meeting was presided by President Muhammadu Buhari in the Presidential Villa, Abuja.
According to Sirika, majority shares of 49 per cent of the Nigeria Air project will be owned by strategic equity partners, 46 per cent by Nigerians while the Federal Government will own five per cent of the shares.
The minister revealed that the council also approved 1.49 billion naira for the provision of Automated Civil Aviation Regulatory Equipment to be located at Nnamdi Azikiwe International Airport.