Nigeria’ s Aviation minister Hadi Sirika on Wednesday at the bi-annual London Farnborough air show unveiled the country’s new national flag carrier.

The decision to unveil the airline at the Farnborough air show according to him is predicated on the attendance by major aircraft manufacturers, aviation decision and policy makers and other important stakeholders in the aviation industry. He further said that extensive market research was carried out in the branding process of the new flag carrier

The new national flag carrier according to the Minister will be fully supported by a viability gap funding, in a Public Private Partnership (PPP) arrangement to deliver a national flag carrier, guided by the international ICAO standards, that will stand the IOSA audit from the start, and lead to a fast IATA membership for international operation

Sirika assured Nigerians and the international community that the government had learnt a lot of lessons from the experience of the defunct Nigeria Airways, and now determined not to repeat the mistakes that led to its demise.

The New airline is projected to gulp $8.8million in preliminary cost and $300 million as take-off cost that will culminate in the delivery of the first batch of 5 Airplanes on 19 December 2018 and a total fleet of 30 aircraft over five years period.

The Airline is expected to take advantage of Bilateral Air Service Agreement (BASA) that the country had with over 70 countries and the Africa Single Air Transport Market that will position it as an airline of choice if adequately funded, private sector driven for profitability, and devoid of interference

The United Kingdom, the United States and China are lucrative routes that the airline should also take advantage of and get a sizable market share with effective and efficient customer services delivery from motivated employees.