Nigerian Eagle Airlines is the new name of the former Virgin Nigeria, CEO Dapo Olumide announced in Lagos last week. He said the new name and logo, a multicolored eagle in flight, "represent the rich culture and heritage of Africans" and that the rebranded carrier will "fill the gaps in the aviation sector." It is 51% owned by local investors and 49% by Virgin Atlantic Airways. Plans for a private placement to raise operational capital "are underway," it said (ATWOnline, Aug. 26).

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