Return of the Sky Power- FEC releases take off funds for a new Nigeria Airways

The Federal Executive Council has approved N1.524 billion for five projects in the aviation sector.

The Minister of State for Aviation, Hadi Sirika told State House reporters that the projects included the appointment of transaction experts to carry out the advisory services on establishment of national carriers and establishment of aviation leasing company.

Others were the establishment of maintenance repair and overhaul centre, establishment of airport city and the concession of airports.

He said the contracts were awarded to Messrs Luftansa Consulting/TN Aero for the national carrier, Messrs Arrow for the aviation leasing company and Messrs Infrata Dantens for the concession of airports.

The minister said the establishment of MRO was awarded to Messrs Arrow; while aerotropolis and agro cargo terminals were awarded to JEBB.

 

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