The Cross River State Governor Senator Bassey Otu has said that the share certificates of the state-owned airline Cally Air will be presented to incoming local government chairmen in the state.
Speaking yesterday (Tuesday, October 15) in Calabar, the state capital, at a “comprehensive” state caucus meeting of the ruling All Progressive Congress (APC), which was held to reach decisions on the party’s candidates in the November 2, 2024 local government elections in the state, Otu said: “The 18 local government councils hold equity shares in the new airline operations the state has invested in.
“The share certificates will be presented to each elected council chairman, and an expert management team led by a managing director with extensive experience in airline operations has already been secured.
“The management team will ensure efficiency in the airline operations and will provide regular updates to the shareholders, including the state and the local government councils.”
The Governor also disclosed that since he came to power over a year ago, his administration has not touched allocations accruing to local governments in Cross River State, explaining that this is because he believes that the state requires the substantial funds to invest in a legacy project that holds immense benefits for the people.
According to him, one of these legacy projects is the recent investment in airline business which has since seen the state acquiring four new aircraft to enhance flight operations for Calabar routes that have experienced frequent flight cancellations.
