Nigeria Seeks Foreign Help for 30-Plane, 80-Route Airline
- Majority stake could be available to an overseas carrier
- Flights due to begin this year with eagle design on tail
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Nigeria revealed plans for a new national airline and said a majority stake could be available to an overseas backer as it seeks know-how and cash to help the startup avoid the fate of former flag carriers.
The West African state has no cap on overseas ownership of its airlines and would be prepared to offer more than 50 percent of the company -- named Nigeria Air -- to a strategic ally, Tilmann Gabriel, who is helping to coordinate the project, said in an interview Wednesday at the Farnborough air show.