The Chief Executive Officer (CEO), Air Peace, Allen Onyema, has appealed to President Bola Tinubu to dissolve Nigeria Air, the national carrier unveiled a few days before the end of the previous administration.
Onyema, who described “moribund” the Nigeria Air project launched by former Aviation Minister, Sen Hadi Sirika, said the country should rather invest in a flag bearer airline than a national carrier.
He revealed this while featuring on Arise Television’s morning show on Wednesday, as he criticised the shareholding structure of the airline, saying that it favours Ethiopia.
He argued that Nigeria is contributing the financial investment for the airline, while Ethiopia is set to earn 49% of the venture without actually putting any money into it.
Vanguard reported that the Federal Government took delivery of the first plane of the country’s national carrier, Nigeria Air, amid protests from local airline operators that it was contrary to a court order, which barred the government from taking further action on the project.
The Air Peace helmsman further revealed that in 2019, Ethiopian Airlines approached Air Peace for a partnership, but he rejected the offer due to his patriotism for Nigeria.
He noted that according to the agreement signed for the stake in Nigeria Air, Ethiopians were not expected to bring in any money as an investment into the project.
Also, he alleged that the leadership of the entire management of the proposed Nigeria Air—the DFO, CEO, and all the management positions—were to be headed by Ethiopians while the deputy position was given to Nigeria.
Onyema stressed that the unveiling of Nigeria Air despite the litigation was a total disrespect of the judiciary that should not be tolerated.
Speaking on the agreement between Nigeria Air and Ethiopian Airlines, he said, “The leadership of the entire management—DFO, CEO, all the management positions—was to be headed by Ethiopians while the deputy slots were given to Nigeria.
“Look at the shareholding; ET has 49%; there is a company called Fairfax, who is this Fairfax? It is owned by ET; their transaction advisers and they are going to get three per cent, 1.4/1.5% of the shareholding capital which is put at $250m and ET will bring $122m but not as cash but as rentals.
“It is only the Nigerian companies that are going to bring money; SAHCO and MRS. I have the document here. ET is not bringing a penny into Nigeria; ET will pay rentals for their plane for five years. It is written here in black and white.
“Even if they pay the $122 million, Air Peace alone is worth over $2 billion. As I speak to you, Boeing is in my office now for the delivery of our 737 Max, which is costing over a billion dollars.
He added ”The aircraft from Embraer that we started receiving cost about a billion dollars; five of them have entered Nigeria; ET is bringing nothing and they are going to get 49% of your country’s wealth. I call on President Ahmed Bola Tinubu to immediately dissolve this charade called Nigeria Air and start his own thing.”
In his clarification of why Nigeria Air should be dumped, Onyema said, “Contrary to what the minister has been saying about Nigeria and the importance of having a national carrier, the national carrier is a moribund idea worldwide.”
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