New national carrier: Lufthansa to become technical partner?
The Ministry of Aviation has completed its plans to set up a new national carrier in Nigeria before the end of the year. Instead of promoting one of the domestic airlines to the status of national carrier, the Ministry opted to create a new airline in partnership with a major European carrier that will provide technical support. The name of Lufthansa German Airlines has been circulating as possible partner in the past weeks, but Turkish Airlines could be a surprise choice too.
The ownership structure [of the new airline] will have zero government control in terms of management and equity holding but its controlling shares would be owned by Nigeria, who will become stakeholders through the sale of Initial Public Offer (IPO), while the partner airline would have management control and 49 per cent stake holding. “What is clear now is that government will not play any role in its ownership and control; it will be owned by Nigerians through IPO, although the template of that is still being worked on,” confirmed Joe Obi, the Special Adviser (Media) to the Minister of Aviation.