FEC approves N1.5bn for national carrier, other projects

FEC approves N1.5bn for national carrier, other projects
May 03 21:16 2017

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

The projects include 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 aerotropolis or airport city and the concession of the country’s airports.

The Minister of State for Aviation, Hadi Sirika told State House correspondents after Wednesday’s meeting that 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.

“All of these were approved for different amounts, but the total sum was N1.524,492,863.62. These will kickstart all of these activities within the industry,” he said.