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How Ethiopian Airlines control high stakes in many African airlines

Except for the “botched” transactions, Nigeria Air would have been a subsidiary of Ethiopian Airlines, the largest airline in Africa which has started a journey of expanding air connectivity in Africa through partnership and collaboration to set up new airlines on the continent. In advancing its slogan as, “The New Spirit of Africa”, the airline… ....

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Foreign airlines doing business in Nigeria repatriate over $4bn in 15 months

Lagos-London fares 49% higher than Accra-London, 162% higher than Cotonou-London Nigeria Air project stalls, airfares skyrocket over foreign exchange shortage Nigerians have spent about $4.66bn on foreign air travels in 15 months, according to findings by The PUNCH. Data obtained from the Central Bank of Nigeria showed that the amount was sold to foreign airlines | ....

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