Air Transport World

Virgin Atlantic Airways.(Africa/Middle East report)(Brief Article)

Virgin Atlantic Airways and the Nigerian government, as expected, formalized an agreement establishing a new airline to be called Virgin Nigeria based in Lagos. The carrier is expected to launch early next year. Initially it will operate domestic service but it plans to begin flying to international destinations by next summer. It will be 51% owned by Nigerian institutional investors via a private placement process that will be completed before launch, with the balance held by Virgin Atlantic Ltd. …

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