Kano Billionaire, Auwalu buys N4.2bn aircraft for his airline business, Rano Air operation set to begin

Rano Air is set to begin operations after satisfying all requirements by the Nigerian Civil Aviation Authority (NCAA).

According to Legit, the startup airline applied for an Air Transport License (ATL) with the NCAA in January to operate scheduled and non-scheduled passenger and cargo services within and outside of Nigeria.

Bashir Ahmad, President Muhammadu Buhari's Special Assistant on New Media and Digital Communication, announced on his Twitter page on Sunday, 11 December 2022, that the airline is set to begin operation.

He wrote: “Rano Air, one of the newest Nigerian airlines, founded in 2019, has gotten Federal Government approval to operate return flights domestically to/from, Lagos, Kano, Abuja, Kaduna, Sokoto, Gombe, Yola, Maiduguri, and Asaba”

Alhaji Auwalu Abdullahi Rano, the Chairman/Chief Executive Officer of the A.A.

Rano Group and a Kano native, owns Rano Air. Rano's entry into the aviation industry will elevate his standing in the Nigerian economy.

In preparation for the Rano Air operation, Dailytrust reports that he secured four EMB-145LRs aircraft to start operations in 2022.

Checks by Legit.ng show the average price of an Embraer ERJ-145LR for sale on GlobalAir.com is $2,395,000(N1.09 billion) which brings the total spend to N4.2 billion.

Punch also revealed that Rano Air applied for and successfully received Air Transport License (ATL) from the Nigerian Civil Aviation Authority (NCAA). Read more: https://www.legit.ng/business-economy/money/1509030-kano-billionaire-auwalu-rano-buys-aircrafts-worth-n42bn-airline-business-fg-approval/

Rano Air, one of the newest Nigerian airline, founded in 2019, has gotten Federal Government approval to operate return flights domestically to/from, Lagos, Kano, Abuja, Kaduna, Sokoto, Gombe, Yola, Maiduguri and Asaba. pic.twitter.com/xfmMcUp8rN

— Bashir Ahmad (@BashirAhmaad) December 11, 2022