Nigeria Virgin sale

VIRGIN NIGERIA will be re-branded over the coming months, the new title reflecting the local ownership and operation of the carrier.  Virgin Atlantic still holds 49% and remains open to serious offers.  In September 2004 the British airline signed a commercial and technical agreement with Nigerian interests which has now run its natural course according to sources within the operator.  In January the Lagos-based airline cancelled its long haul services to Gatwick and Johannesburg citing severe economic conditions.  It recently took delivery of a second Embraer 190 and has a further eight on order expected over the next two years. A further six 190/195s on option would replace the airline’s Boeing 737 fleet when their leases expire in 2011. www.virginnigeria.com

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