Air Nigeria to launch IPO in 2014

Management of Air Nigeria plans to list the carrier on the Nigeria Stock Exchange and sell the shares to the Nigerian public by 2014. Chairman Jimo Ibrahim stated that the Nigeria Stock Exchange had invited the company to be listed under the special registry. Ibrahim has also called on the Federal Government to partner with the private sector to establish a maintenance facility in Nigeria. He says Nigerian airlines would save millions if they were able to maintain their aircraft in the country instead of transporting them overseas. Air Nigeria plans to focus on international routes, as Ibrahim confirmed: “Our