FG approves N5bn bailout for Nigerian airlines

The Minister of Aviation, Senator Hadi Sirika, said on Monday that the Federal Government would soon start the disbursement of the N5bn bailout it approved for the operators of the Aviation sector.

Sirika stated this at the opening of a three-day public hearing on the six executive bills meant to reorganise the civil aviation agencies in the country.

He said the airline operators would get N4bn while other businesses in the Aviation sector would be given N1bn.

The Senate has, however, said the money would not be enough to keep the airline operators in business.

Details later