LAGOS
LAGOS STATE GOVERN!
24 April 2022
The Collective Infrastructure Limited,
25 Zinna Estate,
Assese,
Lagos-Ibadan Express,
Mowe.
Attention: Mr. Olurotimi Alonge
REGISTRATION WITH THE OFFICE OF PUBLIC-PRIVATE PARTNERSHIPS
The Office of Public Private Partnerships (OPPP), Lagos State is pleased to notify your
organization that your registration as a private proponent/pariner with the Lagos State
Government has been approved.
Consequently, your organization is now eligible to submit project proposals in your sector
of choice for consideration, evaluation and possible partnership with the Lagos State
Goverment through the Office of Public Private Partnerships.
Please note that your PPP Registration number is PPP/REG/018.
Thank you for your interest in partnering with the Lagos State Government.
Best Regards
i got
Ope George
Special Adviser
OFFICE OF PUBLIC-PRIVATE PARTNERSHIPS
Governors Ofc, Als,
e-matofce@pppagosng Webske: wwnpplegsna @ @relagos (@) @pevlgce i poles:)
Finance
construction
Runway t
Technology Park
$150,000,000The Collective Infrastructure Limiteg
uestro he
Qe A UILA Coleetvo’s As Zz Ht.
mais OUr see “oe
COLLECKIVE
KARADEN FINANCEfe. ah:
ale ante 1 Nfs, ans
* AIRPORT * MRO EXECUTIVE SUMMARY AIRLINE ¥ TECH PARK t
The Collective Infrastructure Limited (CIL) is a Nigerian incorporated partnership between Karaden Finance, Our Collective,
Aquila Traders, and Reocomm Group Holdings to finance, design and construct a new airport facility in Lagos; Nigeria’s largest
and busiest city. This international coalition will provide a complete one-shop turnkey offering to the Nigerian Federal and State
agencies to establish a Public Private Partnership for world class airport and associated aviation infrastructure.
The new airport will include a 3,500 meters runway that will accommodate the largest of commercial aircrafts, to ensure that this
Lagos airport can act as an international hub from which domestic and regional connections can be made. Support state-of-the-art
facilities will include passenger terminals and air traffic control infrastructure.
It is also proposed to establish a new national airline carrier that will service lucrative intercontinental passenger routes to Europe,
North America and Asia. A world class Maintenance Repair and Overhaul (MRO) center of excellence will provide services to all
airline carriers.
Air cargo transportation service provides for consistent profitable operations for our national carrier. Appropriate aircrafts can be
leased based on demands, with long-haul jets catering for international flights and short-haul airplanes transporting passengers and
cargo to the connecting network of regional airports.
To provide high-quality local employment, an aviation technology park is envisaged to offer facilities for the location of private
and public enterprises. Our proposal includes investing into the production of modem airships, which can revolutionize the global
transportation of cargo. Airships have the advantages of being environmentally clean, with low operating costs and maintenance.
In addition, airships can land almost anywhere without the need of expensive airport facilities, and hence can provide delivery
services to even the remotest of locations.: t AIRPORT LAGOS VERSUS LONDON
Lagos is the largest city in Nigeria, just as London is to the United Kingdom. London is also one of the major cities in the world
for commerce, finance, tourism and trade; but none of these would be possible without an extensive aviation industry that service
this metropolis. For Lagos to become equally dominant as an economic powerhouse servicing Africa and rest of the world, it
requires expansion of its air transportation system, which is compared below to that of London as a reference to where Lagos new
proposed Lekki International Airport should be aspiring to.
Area 1,171 km? 1,572 km?
Population 14.9M 9.4M
National GDP 10% 25%
Number of Airports Murtala Muhammed City
Gatwick
Heathrow
Luton
Stanstead
Southend
Aircraft Movements 0.1M 150M
Annual Passengers ™. 17M
Annual Cargo 0.2M tons 2M tons‘NE eporr LAGOS AIRPORT VERSUS ASIAN AIRPORTS
The Collective Infrastructure Limited (CIL) includes Our Collective global alliance, from which to draw upon world class talents,
including in the aviation sector, enabling us to offer a complete one-shop partnership for the financing, design, construction and
operation of the new proposed Lekki International Airport. It is our intention to partner with a globally recognized industrial entity
with the proven ability to design and construct major airport facilities. Below is comparison of our proposed Lekki International
Airport with that of existing partnered airport facilities.
MaMa EY ce) INCHEON (SOUTH KOREA) AIRPORT DYN HEN de) Uy
3,500m runway 2.x 3,750m dual parallel runways 3x 3,300m and 3,400m runways
100,000 annual flight capacity 330,000 annual flight capacity 630,000 annual flight capacity
100,000m? passenger terminal 496,000m? passenger terminal 700,000m? passenger terminal
5 million annual passenger capacity 30 million annual passenger capacity 70 million annual passenger capacity
500,000 metric-ton annual cargo 2.7 million metric-ton annual cargo 4 million metric-ton annual cargo
$1.5B estimated budget $4.8B project costs $17B project costs= ATRPORT LEKKI FREE ZONE
Lekki Free Zone (LFZ) is a Sino-Nigerian joint-venture development project created in 2006 in the Lekki Peninsula, south-east of
Lagos State. It is managed by the Lekki Free Zone Development Company (LFZDC), and includes the construction of the Lekki
Deep Seaport, and future proposed Lekki Intemational Airport, along with all necessary infrastructure and transportation to service
this new economic and social community.ae
fe
AIRPORT
LEKKI WORLDWIDE INVESTMENTS LTD (LWIL)
LWIL is mandated by the Lagos
State Government to initiate
and implement a Public Private
Partnership with a private sector
operator with proven
experience in the aviation
sector to finance, develop,
operate and maintain the Lekki
International Airport
lekkiDesignated area covers
approximately 4,000 Ha
of land
It will be
The Alrport will create a Rs,
modem and efficient
gateway to Lagos State
and Nigeria. the Federal Airports
Authority of Nigeria
lekkiane
AIRPORT
THE FOCUS
NiellOKGlNe RernlnelN&c HA anoLKe}
Mceulrairele} convenient passenger
and cargo airport for the Lekki Free Zone
and wider Lagos region;
DCO) (0 (=a OOK
overall airport exp
al best practices;STATUS AT
COMPLETION
>
completed, LIA will be one of two
major international airports in Lagos State,
Nigeria's commercial capital. Overall, it will
Lola LMP AU OL cutATelioNNol Me] TaN lelecey
and the 32nd domestic ai‘Ye AIRPORT
»
> Business Model: Public Private Partnership.
> Tenure: 30-year concession.
» Type: Cargo and Passenger Airport.
> Scope: Domestic and International.
> Terms: Concession.
>» A transparent selection process will be
conducted to ensure that the successful
proponent benefits from optimized
value systems.“ye AIRPORT
EXPECTATIONS
» Under a private operator, LIA is expected to
experience solid financial performance,
with a strong potential for high revenues
and margins which will be driven by:
> Aeronautical revenue growth _for
passengers and cargo U
> Commercial revenue optimization 0
> Operational efficiencies> Lagos State's population is estimated at 23 million
and growing
Lagos is Nigeria's commercial center, and it is
estimated that more than 60% of Nigeria's GDP is
‘captured’ in Lagos
Lagos presents the 7'* largest economy in Africa
The LUA will provide support to the growing
concentration of businesses in the Lekki Axis.
The Lekki Deep Sea Port, Free Trade Zone, and
Dangote Refinery are anchor projects in the area
with the potential to triple the size of the Lagos
economy in the next three years.
There is already a stable and growing passenger
traffic in the LIA region fueled by closer proximity to
the premium residential areas in Lagos State.
Cumulative air traffic growth for Lagos destinations
for the calendar years 2021 through 2025 is
pelecied at an average of 16% per annum.
Improving macroeconomic conditions in Lagos State
and neighbouring Ogun State will further support
increased traffic trends to and from upcountry
destinations.
» Tremendous opportunities for retail revenue at
airports and new initiatives for the travel and leisure
industries are given opportunities to improve the
typical internal layout of retail and concession areas.
A
lek
w
v
v
Vv
Ay aN)
ATTRACTIVE
V
INVESTMENT
PROPOSITION
v
v“Ve AIRPORT
a * Historically, Nigeria has experienced high
immigration and emigration levels with
significant business, education, health, and
leisure air travel activities.
Nigeria Air travel passengers grew from
3,394,945 (6,693,687 arrivals and 6,701,258
departures) in 2017 by 24% by the first
quarter of 2018. (Air Transport Data report
published in March 2018)
5 Lagos recorded a 65% share of total intemational
Al 4 TRAFFIC ; traffic and 33% of domestic air traffic.
. Overall, future air traffic in Lagos is expected
REPORTS eaan in line with the region’s economic
Lagos consistently recorded cargo movement of
between 44,000,000 and 48,000,000 kilograms
between 2015 and 2018.
With the pace of development at the Lekki Free
Zone and the Lekki Deep Seaport, a significant
increase in cargo traffic is projected for Lagos.
A
lekkVe AIRPORT
+ There are currently 15 domestic airlines
registered and operating in Nigeria.
CA R RI E ey * There are about 26 international airlines
AND ROUTES & berhinggoiintagos
A
lek> Minimum East-West runway of between 4-5km in length
> The implementation of runway end safety areas (RESAs) will be in
accordance with ICAO standards
v
The aircraft apron should accommodate a total of 16 commercial
aircraft, including 2 Code B, 8 Code C, and 6 Code E aircraft.
vy
Minimum provision for aircraft parking stands, hangars and taxiways
and parking lots to align with world-class standards
v
Major capital investments over the concession life would include
4 EQU 3 D runway rehabilitation, lighting, and signage upgrades as specified.
Vv
An expandable, well-ordered, and sectioned terminal capable of
handling a passenger throughput of approximately 500,000 passengers
per quarter in the first instance, with ample reservations for expansion
and parking facilities, will be required. Standard appurtenances such
as restaurants, concession stands, stalls and comfort lounges must also
be provided.
INFRASTRUCTURE
v
Energy Centre, Cargo and Logistic Centre, and reservations for
expansion.
A.
lekki“Ye AIRPORT
LEGAL AND
REGULATORY
FRAMEWORK
+ Nigeria has well-established aviation
policies and policy instruments, regulations,
and Acts. It is a signatory of the International
Civil Aviation Organization (ICAO), and the
implementation of aviation policy resides with
the Federal Minister for Aviation.
+ Lagos State has appropriate institutional
structures to manage and administer PPPs
and has recorded some success in other large
infrastructure projects."Ti eo Bates Pa od dsc er sl or
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Page 10 smc 380~ AIRLINE Fly for a Bev ter World
ur CIL visions for the proposed new Nigerian aviation entity is to combined a world-class Atfican airline service with a complementary world-class aircraft
Maintenance, Repair and Overhaul (MRO) center of excellence based in West Africa, The latter will itself be a standalone commercial enterprise offering is facilities to
all regional and international airline fleets.
Steger ceed
Air Centre Airframe Maintenance ‘
Elsa Boe Afrique Selections and Operations ae nines
annie Expansion
Long-Haul
m Airframe Establish Routes International
Passenger panaite Selections and Hubs. Expansion
Seas
e Yo Passenger/Cargo Airframe ees Dedicated Cargo
Services Combination Selections Improvements Services
Partner Align Enhance Grow“YF AIRLINE Fly for w Better World
Aviation has historically been linked to either well-established colonial links or trade activites, but in many cases the two are intertwined. Several examples exist
‘including the Europe-Caribbean market which splits nicely into French, English or Dutch colonial history; Spanish links to South America being central to Iberia long-
haul services from Madrid and the TAP Air Portugal service between Lisbon and Maputo which is built around these historic links.
History is frequently a fairly solid indication of the future, no matter how hard we might want to think otherwise, and African aviation is experiencing one of those
indicators at this very moment in time, The historical ‘natural’ linkage between Aftica and North East Asia has been pretty tenuous, but today trade between the two
regions as well as capacity and traffic growth between the two areas represent one ofthe fastest-growing markets for Afiican aviation,
China is Afica’s largest trading partner and in 2014, bilateral trade exceeded $200-billion with a large proportion related to commodities with a particular focus around
cil, Direct Chinese foreign investment in Africa has grown by over 20% per annum since 2009 to around $2.52-billion with a further $1-trillion expected over the next
decade, Major infrastructure projects are underway that include a 1,400 kilometer railtrack along Nigeria’s coastline.
Likewise, Japan appears to be competitively seeking to build trade links with Africa with a similar focus on commodities and continues to seek to build relationships
further with key markets and trade partners. State visits in recent years and major high-profile trade conferences have all been deployed by the Japanese as their follow
perhaps a softer more diplomatic approach to growing trade links with the continent.
In May 2010, there were some 131 non-stope services operated between Africa and North-East Asia, Hong Kong was the key arrival point from Africa with some 75
services of which 62 were from Johannesburg with a combination of South African Airways and Cathay Pacific both operating daily schedules.
By May 2015 the number of frequencies operated had nearly doubled to 259 flights with some notable new services launched, including a significant network from
Ethiopian Airlines that covers Shanghai, Beijing, Guangzhou and Hong Kong, allowing the airline to claim a 43% frequency share. Indeed, the Ethiopian Airlines
operation to China and Hong Kong refleets a classic hub schedule with all their services departing late evening or in the very early hours of the morning, providing
excellent connectivity from their African network, Furthermore, the operation arrives back in to Addis Ababa early in the morning to connect back to other Aftican
points. Such connectivity and scheduling structure works well and demonstrates all of the values of hub operations, perhaps underlying a challenge for the African
carriers in building a network to Asia; the power of the Middle East hubs and the emergence of Istanbul as a viable alternate for many destinations.In 2014, the market size between Affica and China had 1.3 million one-way passengers compared to 830,000 in 2012, an impressive growth of 55% in the last two
years; a level of growth that had probably not been replicated in any other market in that time period. Ethiopian Airlines and Emirates were market leaders with 18%
and 17% respectively, and were followed by a cluster of carriers before the rest were made up of a very large fragmentation of passengers carried across a wide
selection of airlines, including some major European carters.
Within two years, the market share structure has changed considerably, Ethiopian Airlines’ share has now increased from 18% to 25% in a market that aforementioned
grew by 55%. In 2015 Ethiopian Airlines carried 318,000 one-way passengers from Africa to China and Hong Kong; an increase of 114% from the 149,000 they carried
in 2012.
Ethiopian Aiines
Emirates
Qatar Airways
Eqypiair
Kenya Airways
Air Mauritius
South African Airways
Cathay Pacific Airways
OthersAIRLINE Fly for w Bet fer World
Direct air services are an obvious measurement of how well a market is developing, but they are the secondary source of market sentiment; the real early warning signal
is the development of the indirect flows.
In otal, over 400,000 passengers flew indirectly between Africa and China in 2014, a staggering increase of 46% over 2012. Unsurprisingly, the indirect market leader
was Emirates with a 45% market share and a growth of over 35% in the two-year period measured, Equally surprising perhaps was the strength of market development
and activity from Qatar Airways who with a 42% share of the connecting market have seen their traffic increase by an impressive 52%, With over 87% share of the
market cartied by these two carters, it’s clear that both Etihad Airways and Turkish Airlines still have some way to go before they can compete with the dominant
airlines.
‘As would probably be expected, Beijing is the major destination forthe connecting market with over 116,000 passengers destined for the city from African points via
the four hub airports. Beijing accounts for around one third of the traffic and has seen demand increase by 38% in the last two years. Shanghai and Guangzhou both
account for around 25% share of the market although in the case of Shanghai, traffic growth has slowed considerably in the last two years to only 8% whereas
Guangzhou has grown four times as quickly with 42% growth in the last two years.
Perhaps of more interest though is the different traffic flows that the respective airlines appear to be actively developing. The following table lists the top five African
markets for each ofthe four airlines,
Johannesburgint
al
AIRLINE
er World
The appearance of markets such as Johannesburg, Lagos and Nairobi in two of the four caries top markets is no great surprise and perhaps the more interesting aspect
of the data is the unique city pairs that some airlines appear to be successfully developing. For instance, in the case of Emirates, Luanda is their second largest market
flow with some 14,000 passengers compared to only 3,000 in 2012 whilst for Turkish Airlines, an almost unique service to Misurata in Libya provides nearly 3,000 one-
way passengers a yea, to and ftom China.
With such strong indirect competitors such as Emirates and Qatar actively developing the African market as well as adding new destinations and frequently providing
superior product options to the direct service carriers, one interesting fact stands out. For all four Middle East carriers, Addis Ababa fails to appear in the top ten
connecting African markets and yet, as highlighted earlier, Ethiopian Airlines enjoys 43% frequency share in the direct Africa to China/Hong Kong market and a
market-leading 25% passenger share of all traffic. All of which would give cause for optimism that direct scheduled services from Africa are capable of competing with
the indirect service offerings via the Middle East when the correct level of product investment and frequency is created.
In conclusion, for many years Attica aviation has talked about the growing opportunities and potential demand for new services to new markets. The market to China
and Hong Kong highlights how quickly a mix of investment and major infrastructure projects can stimulate demand rapidly, but more importantly, itis possible for
African carriers to carve out a niche for themselves in that market. With other Aftican airlines exploring how best to launch and serve the Chinese market in the coming
years, there is perhaps optimism that along with new railways will come new direct air services.
The aviation data above shows that the Western and Central regions of Africa are under-served with direct scheduled services to Asia (and the Rest of the World). As
China expands its investments and influence into West Attica, predominantly into oil and infrastructure projects, there isa readied market for a new African airline that
can provide direct scheduled services between these two commercial markets. Our CIL proposed African airlines service intention is to fill this aviation void by
establishing two operating services for international and domestic transportation of passengers and cargo. And to ensure we operate at the highest of world-class safety
standards, we will operate our own AMRO center of excellence.
International operations will be conducted from a West Aftican hub with proposed schedules flying direct services to China's main destinations of Beijing, Shanghai,
Guangzhou and Hong Kong. Strategic alliances with established airlines will be sought, such as with Arik Air (Nigeria) and Hainan Airlines (China). Domestic and
regional carriers will cater to the internal markets providing connecting services from the main international hub of its international airline partner to the rest ofits
Western and Central African neighbors.4 anruane Fly for w Be Yer World
The Chinese investment map of Aftica shows the strategic importance of the western regions, and why a direct scheduled service from this part of the continent to
China is critical for long-term sustainable commerce. As the region prosper under these development programs, the business passengers will be supplemented by
tourism both ways. Trading commodities from these resource-rich African nations will contribute to a lucrative cargo hauling service predominantly raw materials to
China and finished products back to Attica by sea and air.
‘CHINESE INVESTMENT OFFERS IN AFRICA SINCE 2010
© snr
wegenFly for w Better World
According to a Boeing market analysis, global e-commerce is projected to grow ffom $1.7 trillion to $3.6 trillion, by 2020. The Asia-Pacific region is the fastest
growing e-commerce trading bloc, with China atthe forefront. China’s market in 2015 had a value of $590-billion in goods sold. Online retail sales surpassed the US
market in 2013, and has a demonstrated growth of 56% per year. Domestic parcel shipments and revenue grew by 55% and 39% per year respectively, from 2010 to
2015. It is forecast that by 2020, China’s e-commerce market will be bigger than the combined existing markets of the US, UK, Japan, Germany, and France.
The Aftica-Europe market accounts for roughly 2.3% of the world’s air cargo tonnage. Europe accounts for nearly 60% of Aftican cargo and dominates Aftica’s
international air trade. Asia supported 13.9% of Africa’s international air trade in 2015. The commercial ties between Africa and China have been established to help
fuel Chinese industrial expansion. Aftica’s immense economic potential, increasing integration into the global economy, and rapid population growth are creating
significant investment opportunities between the two regions.
Intra-regional African trade has expanded in recent years, with 8% of all Atftican cargo (136,300 tons) being traded in 2015. This represents a 35% growth over the
previous two years, making it one of the fastest growing markets in Africa, Bilateral and free-trade agreements are encouraging the development of intra-Africa air
cargo carriers to stimulate growth on the continent. Ground infrastructure limitations highlight the need for air cargo services due to the time and significant financing
requirements for infrastructure development projects.
Aina operaingirihtrs generate
% of industry revenues
4,775,000 tonnes
:
12%
aes 129%
144%
Az
Aries apraing Woghirs © hpatera ees 1 rca eet maAIRLINE Fly for Ww Better World
Boeing has noted the explosion of business-to-consumer (B2C) shipments of retail purchases since FedEx began operations in 1971. UPS, DHL, FedEx, and SF Express
(China), serve the e-commerce flows, with Amazon beginning to build its own logistics network to augment its existing logisties support. With the West African region
investing heavily in seaport capacity and inffastructure improvement projects, Our CIL expects the market to be on the cusp ofits own explosion of B2C shipments in
support of retail purchases. By establishing operations that can seamlessly integrate with existing service providers, CIL will be well-positioned to enjoy significant
growth as an integral player in that growing market.
Over the next 20-years, world air cargo traffic is expected to grow at arate of 4.2% per year. In Aftica, air cargo traffic is expected to grow 3.9% per yeat. However,
established markets are expected to expand slower than developing markets. Airlines that operate designated freighters generate 90% of the total air cargo industry's
revenue, While bulk cargo is still dominated by sea-based carters, zir cargo is critical for serving markets that demand speed and reliability for the transport of goods.
The highest value commodities, including computing equipment, machinery and electrical equipment, account for the highest share of airborne trade tonnage versus
their share of containership tonnage.
Boeing expects that, over the next 15-years, as the world GDP grows and world populations demands higher-value goods, the value per ton of total traded goods across
the world will rise. As the average value per ton of traded goods increases, a larger percentage of trade will become available to air cargo; and will be the preferred
method for transporting higher value goods that are time sensitive and/or economically perishable.
The majority of African international air trade is conducted by a few leading economies among the 57 African countries. Intemational air cargo tonnages of South
Altice, Egypt, Nigeria, and Ethiopia have increased for the past two years. Though Kenya’s growth has slowed, due to a decrease in European demand, itis still the
third largest trader in Attica, Atrica-Asia air cargo trade is driven by continued Asian investment and African consumer demands. Having increased on average 6.3% per
year, over the past 10-years, capital investments in AMftican extractive industries and growing African economies will continue to drive these markets, Air cargo flows
are significantly imbalanced, with about five-times as much Asian cargo entering Africa as leaving, Trade lanes through the United Arab Emirates offer the possibility
of lower cost transportation between Asia and Affica, As a result, a large portion of air cargo arrives in AMfica by way of the Middle East; accounting for 5.5% of the
total Afican air cargo. The dominant goods are meat, fruits, vegetables, and flowers. In addition, significant volumes of cargo are arriving as excess baggage by small
traders who import goods from Asia for sale in Aftica. Oil, pharmaceuticals, and machinery dominates the westbound trade. Africa-Asia air cargo trade will expand at
an average rate of 6.5% per year, with Europe and North America representing 3.8% and 5.3% respectively4 ammuine Fly for w Bev ier World
‘This trend highlights the need for air cargo carriers to support domestic and regional transport of goods arriving from international trade partners. Our CIL will be well
positioned to support these trade trends; further benefitting from the rising GDP within the West Aftican region and the increased buying power of the regions’
consumers.
Dedicated air freight cargo carriers generate 90% of the industry's revenue. Even the introduction of wide-body passenger airplanes has not diminished the freighter
share over time. This is especially true along the Asia-North America and Asia-Europe trade routes, where 70% of total air cargo is carried by fieighter airplanes.
Express freight carriers, linking door-to-door proprietary transportation networks, accounted for 40% of air cargo revenue in 2015. This business model cannot be
replicated, in Boeing's assessment, by using only lower-hold capacity (mixed passenger and cargo) aircraft. Growing demand for regional express services in fast-
developing economies will increase the standard-body share of the fieighter fleet from 36% to 42% in 20 years. Dedicated express freight carriage is an area that will
support Our CIL Airlines and MRO strategic growth. In response to the increasing demand for air cargo, the industry is converting aging aircraft from passenger aircraft
to dedicated freight aircraft. As well, a projected 930 new production aircraft ($270B) will be made to support the growing demand over the next 20 years. As airframes
are phased out of service for this conversion, airlines will be seeking to maintain their existing operations through fleet augmentation and strategic partnerships.
ATKe
eons 223.4 illion RTKS
1,775,000 tonnes
62%
© 6a 16.1%
344%
159%
— 12.9% : sie 23%
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10.7%AIRLINE
Neither Arik Airlines nor Hainan Airlines performs dedicated air cargo services, Our CIL has the opportunity to dedicate a portion of its flet to dedicated air cargo
serviees. Because the African market has been largely shut out of the global air cargo expansion phenomenon, there is no dominant air cargo service provider in the
region. Given the expected GDP growth in the West Affican region and trade growth rates, Our CIL will be well positioned to become the dominant air cargo service
provider forthe region and provide a critical link to the robust and growing Chinese market.
Aircraft, crew, maintenance, and insurance (ACMI provides, commonly referred to as “wet ease providers,” offer cargo operators the flexibility to obtain lift on a trial
basis, augmenting existing markets, and providing services in seasonal markets. As CIL establishes its presence in the Wester and Central AVrican markets, it can
explore opportunities to test the freight air cargo business model through wet lease providers, developing necessary logistics requirements to support proprietary
handling procedures, and make strategic decisions regarding future growth into this line of business.
‘What should not be overlooked is the important role of maritime traffic in the transport of cargo, and the need for follow-on transport from the port of debarkation to the
cargo’s final destinations. For shippers seeking low-cost alternatives, maritime transport offers the primary service. In 2015, the global maritime industry carried an
estimated 10.8 billion tons of cargo, compared to the 52.2 million tons carried by air cargo. Positioning CIL at an airport where it can service cargo flowing to and from
the seaport will be an important link to consistently recurring revenue.
By weight, more than 84% of the world maritime trade is in raw materials and other bulk items. Maritime shipping is converting or is adding refrigerated container
capacity to directly compete with air cargo carriers serving of perishable goods. Though less than 1% of the world trade tonnage is carried by aviation assets, due to the
high value of these goods, they represent approximately 35% of the total value of goods shipped. Therefore, we can expect the seaport development in West Africa will
have both positive and negative impacts on air cargo operations. Dry and liquid bulk materials, 81% of the total bulk commodities, will likely continue to be transported
by maritime assets. However, CIL has the opportunity to capture a portion ofthe remaining 19% of bulk commodities transport demands.
Importantly, maritime trade tends to be directionally imbalanced. Finished goods fill a cargo ship in one direction, but generally lack a full load for the return trip. The
West African maritime fleet currently carries raw materials to offshore locations, in order to be converted into finished goods. However, with positive GDP growth
rates and the emergence of megacities in the West African market, we can expect consumers to increase its production of finished goods and more comprehensively
participating in e-commerce activities.4? amuane Fly for w Bei er World
GDP growth in Africa is expected to grow at a compounding annual growth rate (CAGR) of nearly 4% for the next 20 years. China's GDP CAGR is expected to top
5%, This GDP growth should support the projected global growth in real merchandise trade of approximately 4%, and the growth of air cargo at a rate of 4.3% through
2035, Within this, the Aftican market is expected to grow at arate of 3.8% through 2035.
Beyond the intial challenges of establishing Our CIL Airlines and MRO, there are multiple variables that will either facilitate or inhibit our future growth. We will be
diligent in understanding what variables are within our spheres of control and influence. Volatility in fuel prices, foreign exchange rates, and competition from other
modes of transportation are clear systemic challenges. By establishing strategic partnerships, CIL position will be strengthened and assist the airline in navigating
observed obstacles. Developing reliable inventory management techniques, improving supply-chain visibility and operational transparency, will be critical for cargo and
passenger services and will facilitate our differentiation within the field. The fragmented market will drive competition in pricing and services, as other airlines strive to
retain or steal market share, Specific markets will have regulatory constraints that must be addressed, and we must be operationally flexible to change by creating
conditions that enable diversification of services in support of multiple markets.
RTKs Commodity group classifications
Ez 5% General cargo
fee em
46% Dry oui
1995 2000 200 2015,* AIRLINE Fly for Ww Better World
Nigeria is a rich land that contains mineral and petroleum wealth, and its population comprises 15% of the continent's total. Egypt, second in population, has only 60%
of Nigeria’s total, and Lagos just trails Cairo as A\fica’s largest city. Despite Nigeria’ relative wealth, Airbus, in a graph displaying national propensity to travel by ai,
ranks it very near the bottom of the list and just barely ahead of war-tom Afghanistan.
Trips per capita by country: 2008
© — $,000 10,000 15,000 20,000 25.000 30,000 35,000 40,000 45,000 50,000 55,000
rang froma pana: 2008 Real GDP per Capita
2 USS.
IS, Gd haces, Areas“P smu Fly for w Better World
Nigeria is the world’s seventh most populous nation, but because of its history and current problems, it remains relatively isolated from much of the rest of the world.
‘There are only 74 services per week from all of Westem Europe to Nigeria, From Madrid, Iberia’s base, the service is operated with an A319, one of the smallest aircraft
in the Spanish carrier's fleet. Even from the normally dominant Gulf region there are only 21 weekly flights; roughly equal to the weekly offer by Emirates alone to
India’s Chennai
Nigeria is West and Central Africa most dominant aviation carver, and it’s relative weakness compared to the rest ofthe world airlines is symptomatic of the problems
of that region as a whole. That saying, there is a strong customer base for air connectivity to that part of the continent, driven predominantly by the investment of China,
Hence there is an opportunity for a new player that can provide quality service and good management to ensure long-term sustainability and profitability.
ay TO
‘Accra Kotoka Lagos 2 4,863
(acc) (108)
London Lagos 4 5,631
(LER) 08)
Dubai Lagos 4 4816
(DXB) (Los)
Johannesburg Lagos 4 28233
(INB) (LOS)TO
‘Abuja
(ABV)
Lagos
(Los)
Contonou Lagos
(Coo) (Los)
Atlanta Lagos
(ATL) (Los)
Amsterdam Lagos
(AMS) (Los)
Addis Ababa Lagos
(ADD) (Los)
Doha Lagos
(DOH) (Los)
Paris Lagos
(Do) (Los)
Frankfurt Lagos
FRA) (LOS)
Frankfurt Abuja
(FRA) (ABV)
Cairo Abuja
(CAD (ABV)
Douala Lagos
(DLA) (Los)
Lome Lagos
(LFW) (LOS)
sor
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(ADD)
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Istanbul
ast)
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(Cal
‘New York
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Madrid
(MAD)
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(CMN)
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(Los)
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236AIRLINE Fly for Ww Beer World
Our CIL will seek alliance with existing international airlines to codeshare flight schedules and develop new lucrative routes to China and Middle East. Arik Air
(Nigeria) and Hainan Airlines (China) are identified as suitable partners.
Arik Air is a Nigerian airline operating mainly from two hubs at Lagos” Murtala Muhammed International Airport and at Nnamdi Azikiwe International Airport in
Abuja, It has been in service since 2006 and presently flies to 26 global destinations. The parent company is Asset Management Corporation of Nigeria (AMCON), with
the airline operating headquarters located at Ikeja on the grounds of Murtala Muhammed International Airport, Its Chairman is Sir Ji Arumemi-Ikhide, and Group CEO
is Michael Arumemi-Ikhide.
Current operating fleet consists of (9) Boeing 737-700, (4) Boeing 737-800, (4) Bombardier CRJ900, (4) Bombardier Q400 and (1) Bombardier CRJ1000. In non-
operational storage are single Airbus A330-200 and Airbus A340-500.
Due to financial stress, AMCON took over control of Arik Air in early 2017, and KPMG was appointed to conduct a forensic audit of the airline accounts. In the
restructuring process, all international operations have been suspended except to Ghana, Senegal and Gambia, with the resulting A330 leet parked in France
Although Arik Air is in financial difficulties, the restructuring can lead to a more efficient and properly managed entity, hungry to take advantage ofits existing licensed
international routes that can be profitable under good management. This potentially could be an ideal situation for Our Collective to partner with Arik Air, and
codeshare its existing large-body international jets and permitted routes, and together target the Chinese market.Ne AIRLINE Fly for w Bette World
Hainan Airlines is headquartered in Haikou, Hainan in the People’s Republic of China, It is the largest civilian-operated air transport company and the fourth-largest
airline in China, The company group's current market value is over $54-billion. Including its subsidiaries, Hainan Airlines flies to 110 global destinations. It's main
hubs are Beijing Capital Intemational Airport, Xian Xianyang Intemational Airport and Haikou Meilan International Airport.
Current operating fleets consists of (9) Airbus A330-200, (13) Airbus A330-300, (4) Boeing 737-700, (135) Boeing 737-800, (3) Boeing 767-300ER, (10) Boeing 787-8
and (12) Boeing 787-9. On order are 3 Boeing 737 AMX 8 and 20 COMAC C919.
Ithas codeshare agreements with 19 other airlines, but none with African airlines. With the emerging importance of the trade routes between China and Africa, itis ideal
timing for Our Collective to discuss potential partnership in which Hainan Airlines can expand its operational influence into the rapidly growing African market,+ AIRLINE Fly for a Better World
CIL airline fleet will consists of combination of short-haul (domestic) and long-haul (international) aircrafts that can be accommodated on the existing major
international and regional Nigerian airports. Aircrafts will be purchased or leased based on the optimum economies for our proposed passengers and cargo routes.
Below are examples of suitable aircrafts for CIL airline service.
Bombardier Challenger 605 eee =
‘Short-Haul Passenger { \i dT]
t Price: $27M a ne a
Engines: GE CF34-3B Grim caine | nomenon acre
~ Maximum takeoff weight: 48,200 Ibs
Seating: 9 passengers
Cargo: 115 ft?
Gp Takeoff (sea-level): 5,840 feet
Landing: 2,350 feet
Ceiling: 41,000 feet
Fuel Flow: 358 gph
Variable Cost: $1,831 LeeFly for w Be'
Airbus A319CJ
Short-Haul Passenger/Cargo
Price: $53M
Engines: IAE V2527M-AS
Thrust: 27,000 Ibs (each)
Range: 4,170 nautical miles
Maximum takeoff weight: 166,450 Ibs
Seating: 18 passengers
Cargo: 323 f? (internal) 120 f? (external)
Takeoff (sea-level): 6,170 feet
Landing: 2,200 feet
Ceiling: 41,000 feet
Fuel Flow: 640 gph
Variable Cost: $4,100Boeing Business Jet 3
Long-Haul Passenger/Cargo
Price: $57M
Engines: GE CFMS6-7B27
Thrust: 27,300 lbs (each)
Range: 5,475 nautical miles
Maximum takeoff weight: 166,450 Ibs
Seating: 19 passengers
Cargo: 1,250 #2
Takeoff (sea-level): 7,000 feet
Landing: 2,475 feet
/, Ceiling: 41,000 feet
Fuel Flow: 744 gph
Variable Cost: $3,855
seeFly for w Better World
Onmi-Blu is a Nigerian licensed operating airline (and helicopter) service carrier. The following confidential information are copyrighted and in ownership of Omni-
Blu, and has been legally provided to Our Collective.
Onmi-Blu provides helicopter shuttle services for off-shore oil and gas operations, along with humanitarian contracts for flight services in the Nigerian State of Bomnu.
Onmni-Blu offer flight inspections and calibration services, with operating facilities at Lagos Murtala Muhammed International Airport. These facilities and services are
complementary to establishing an AMRO service center with Our Collective.
Ommi-Blu are fully licensed by the government of Nigeria to operate nine international routes as listed in the table below:
WEEKLY FREQUENCIES INTERNATIONAL ROUTES
a Houston, USA
4 London, UK
4 cera, Ghana
4 Dakar, Senegal
s Guangzhou, China
3 Seo Paulo, Brazil
3 Lisbon, Portugel
3 Tel Aviv, Israel
3 Abidjan, Cote D'ivoireigeRian e1vi. aviaTION AUTHORITY a
” AIRLINE Fy for w Beiter World7
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2G World Sky Race’ racer me paneer Hurany
Global warming leading to catastrophic climate changes that will have adverse impacts on human societies and our planet are major issues to be resolved. Part of the
United Nations 17 Sustainable Development Goals (SDG) 2030 Target calls for Climate Action, and Industry, Innovation and Infrastructure developments. Although
modem jet aircrafts provide for fast long-distance travel, they are also insatiable consumers of petroleum fuel that generates large quantity of carbon wastes. Costly
support infrastructures such as airports and aircraft Maintenance, Repair and Overhaul (MRO) facilities must be installed to operate a modern airline service, adding
more adverse impacts on the environment
Using the physics of buoyancy, airships can lift and transport heavy loads over great distances. Their natural slow speed compared to jet propulsion has the major
advantage of producing minimal wastes, making them highly efficient transport carriers. Although it is unlikely that mass transits of passengers will return to airships;
‘transportation of cargo, which is a 100 billion dollars annual industry is a viable business model for airships. Heavy lifting capacities, low fuel costs, and the ability to
land almost anywhere makes airship an ideal solution that fits into the UN SDG mission goals. Hauling a kilogram per kilometer by means of an airship instead of
airplane or jet reduces the fuel usage by more than 80%. The carbon footprint is reduced by the same. This is the starting point, before modernization of airship
technologies occur.
Our Collective member organizational partner World Sky Race, founded by Don Hartsell, has a mission goal to promote the return of airships as the transportation
system of the future, Their mission goal is to create an around the world airship race to educate and incubate the realistic solutions that mankind must implement for our
long-term survival and prosperity.
The race will provide the platform to develop technologies and operating systems that can be adapted to the development of a global infrastructure in support of a
dedicated airship managed transportation network around the world, The relatively low costs of housing and maintaining airships means that developing nations can
take advantage ofthis future mode of transportation, with minimal impact on their environment and resourees. Manufacturing a large cargo carying Zeppelin airship
Would cost around the same price ofa small business jet, and the costs will be further reduced with mass productions.=
S
[World Sky Race’ race for tne Pane cso uray
World Sky Race (www. WorldSkyRace.com) is much more than just a race, it is a global educational platform and an inspirational endeavor to motivate the future of
mankind, Itis the first historic and epic race of zeppelins and airships competing to circurmnavigate the globe. World Sky Race will chart a path fr the future. The race
has evolved and its impact will be on the entire next generation of artists, architects, attorneys, and world leaders. As an agent of global and local change, the World Sky
Race willbe the focus of educational programming in classrooms around the world, Each generation needs its own inspiration to follow. It is teachers with commitment
and purpose that create the path forthe next generation to explore. The race will provide those teachers an uplifting way for defining the horizon and looking beyond.
‘
¥ TECH PARK
NASA is our technology, environmental, educational adviser, The United Nations World Tourism Organization is our tourism, cultural heritage, environmental,
educational partner. The World Sky Race will be used for lesson plans on geography, history, language, arts, math, science and environment. The United Nations
estimates there are more than 59,000,000 teachers in the world, In their classrooms for an entire school year, the World Sky Race will be available as a daily lesson
plans asking “Where are the airships today? What are they over? Who lives there? What has happened there? What is happening now? How are they?” In a single bold
stroke, the World Sky Race will be used to connect the next generation, globally. The World Sky Race will inspire.
The Advisory Council to the World Sky Race is an international list of Who's Who ofthe highest caliber, including:
«His Royal Highness Prince Faisal bin Al Hussein
«Dr. Bertrand Piccard (first nonstop balloon flight around the world)
© Dr. Sylvia Earle (Time Magazine’s First Hero for the Planet)
«Dr. Kathryn Sullivan (first American Woman to space walk)
«Dr Jean-Michel Jarre (Guinness Book of Records for 3.5 million concert attendees)
«His Excellency Francesco Bandarin (Former Assistant Director-General for Culture of UNESCO)
© Dr. Zahi Hawass (Former Egyptian Minister of State for Antiquities)
© John and Martha King (Inducted into National Aviation Hall of Fame)
Dr. Norman Augustine (Former CEO and Chairman of Lockheed Martin)
© Dr. Mary Ellen Weber (NASA Astronaut)
¢ Dr Richard Linnehan (NASA Astronaut)
¢ Honorable Robert Jordan (Fonmer US Ambassador to Saudi Arabia)alle
\? TECH PARK ~ Sy
2 F ord y Race-anee rnin. nny
The race route around the globe will need to be finalized based on logistic supports and coverage from commercial sponsors and government partners involved in the
race. Such a proposed flight and landing routes is illustrated below:
Confirmed flyover and landing sites:
© — Google (Moffett airfield - Google HQ
airport)
© Great Pyramids of Egypt (confirmed by Dr.
Zahi Hawass)
Versailles Palace, Paris (landing into the
Royal Gardens)
¢ — Crown Prince of Fujairah, UAE (HRH
international airport)
¢ Statue of Liberty, New York (flyover)
ge committed sponsors and partners: + Taj Mabal, India flyover)
$1,000,000 World Sky Race Prize (funded by Trammell S. Crow). + Roman Coliseum (flyover)
¢ — Eurosports — broadcast agreement for prime time race coverage, * Ha Long Bay (flyover)
available into 170,000,000 subscribed homes.
© UNESCO World Heritage sites
© Air Liquide (helium supply for up to 20 airships).
‘* Armada Portuguesa (Portuguese naval frigates to assist in crossing of
Atlantic Ocean),
© Dr. Bertrand Piccard (first balloonist around the world, and first round
the-world solar flight pilot) to be acting World Air League Solar Power
Patron for World Sky Race.
© Steven Spielberg, Dreamworks Studios and Sony Pictures contribution
of rights to use Close Encounters of the Third Kind to promote race.
© Matthew McConaughey (Oscar winner) to be Sky Marshal for the
Texas Sky Club.&
y TECH PARK S83 ° SS
2G _ World Sky Race’ nace for ne Manet. Race for Humanity
For a country, region or city, the economic development multiplier resulting from tourism advertising ranges between 7 - 31 times. On the low end, for every $1 spent
on tourism advertising, the result is $7 dollars generated by tourism. This assumes the advertising reaches its target audience. With mature and developed tourism
destinations, advertising can be very effective: each $1 spent on advertising for London, New York, Paris generates on the average $31 of economic development. New
tourism destinations require effective branding campaigns.
Destination World (Sponsored Nation) - World Sky Race North Pole Expedition - Phase I
‘The World Air League proposes an expedition consisting of three airships to land at the North Pole Spring, 2022. Landing on the North Pole by an airship will be
histori, it has never been done before. It will be in the Guinness World Records and the Fédération Aéronautique Intemational World Aviation Records.
‘The North Pole Airship Expedition budget is $54.6 million. This includes the time sensitive airship refurbishments and route logistics to be ready for Spring, 2022.
+ Starting in Oregon and completing in Sponsored Nation, This is a standalone activity for testing equipment, systems and logistics forthe World Sky Race.
+ Two Skyships 600 and a Skyship 500 will be used. These airships are the most robust and capable for Arctic operations. It will be necessary to fabricate new
envelopes and refurbish the mechanical and avionie systems, The new envelopes will be lighter weight, have less Helium leakage, and be fully capable of
performing in Arctic conditions in April and May. ‘The reduction in envelope and gondola weights will substantially increase their range. This will have a positive
impact on safety and do-ability. This task will require extensive overtime to complete on our schedule, Like the Nina, Pinta and Santa Maria using three airships
significantly increases factors for suecessflly completing the expedition.
+ The North Pole Airship Expedition will include National Geographic, Disney* Streaming, CNN. The global social media will be fully engaged.
+ Air Liquide will provide Helium on an expedited basis, eliminating the waiting in line for allocations due to global Helium shortages.
+ With sponsorship financing, we will include the Sponsored Nation pilots and ground crew in the flight team. They will represent their nation in this historic journey
and also be a social media celebrities.
o Richard Branson sealed his status as social media celebrity when he, Steve Fossett and Per Lindstrand attempted to circle the world in a balloon. According to
Virgin, the branding value of the publicity for this seven day effort, exceeded $240,000,000. This was pre-internet, Facebook, Twitter and Instagram. The
publicity value for the North Pole Airship Expedition is expected to exceed this result
+ For the social media and documentary producer we will ask Steven Spielberg for his recommendation. Mr. Spielberg is already a supporting contributor to the
World Sky Race.
+ The North Pole will be an uplifting positive statement and useful for projecting the values of intemational friendship and cooperation.
+ This expedition willbe historic and in the full tradition of the Explorers Club.ane = 2
” ‘TECH PARK & ~ &
5° G_ World Sky Race’ a race torne Pant A aeons
Destination World (Sponsored Nation) - Airship Tourism - Phase II
Concurrent with the North Pole Expedition preparations, the World Air League will build an Airship Hanger Entertainment and Tourism facility (AHET) at a selected
site provided in our Sponsored Nation boundaries. The AHET will be flight operations center for Airship Tourism flights over their lands. After the North Pole
Expedition, the three airships will be outfitted for luxurious sightseeing tourism flights. They will provide scheduled flyovers and showcase the Sponsored Nation’s
UNESCO World Heritage Sites. UNESCO, United Nations World Tourism Organization (UNWTO) and the World Travel & Tourism Council (WTC) will be included
and involved in recognizing the importance of this green eco-tourism investment. The AHET facility will be a standalone tourism destination itself. It will be designed
to be a center for aerial sporting entertainment productions involving the Sponsored Nation’s Aviation Club, the nation's officially recognized organization by the
Fédération Aéronautique Intemationale (Olympic Aerospors).
The unique opportunity to fly in an airship is an up-scale tourism experience for all travelers. With a fleet of three airships, the tourism programming could include
scheduled destination flights connecting the major tourism sites throughout the nation kingdom. The airships could be out-fitted to provide parachute jumpers a unique
experience for their passions.
The World Air League will designate the AHET as a service site for the World Sky Race, providing global tourism campaign to promote it as a global VIP destination
for aerial sports and entertainment.
‘With the selected land provided, the AHET facilities construction budget is $37.5 million. Initial management and operations is estimated at $9 million.7S
TECH PARK S ~ S&S
5° @_ World Sky Race’a race forme Rane tice or Humanity
World Spin Offs - Advanced Aviation Manufacturing and Helium Natural Gas Production - Phase III
Long-term, the AHET will be a global technology center for advanced industries. To reach these goals, the World Air League will provide the technology incubator
prize incentives to transform global aviation freight commerce into sustainable green aviation freight commerce. Essentially, the World Air League will demonstrate that
existing engineering proofs from the 1930s can be modemized and incorporated into electric or solar powered lighter-than-aircrat. In partnership with the World Air
League, the AHET will be on the cutting edge of technology development forthe next generation of airships. In this strategic partnership, the AHET will be the nexus of
diverse national resources for: advanced aviation manufacturing, including manufacturing for advanced aerospace composite structures, manufacturing and instalation
of flexible solar energy panels for aircraft; and modernized natural gas production and distribution for Helium, These are important technology sectors in which national
resources and investments can be focused for the next generation ofthe nation’s citizens to deploy, develop and profit.
{A just one spin-off opportunity, the value of Helium reserves will substantially be increased by several magnitudes as the demand for Helium raises. Helium will be
used fil the world’ fleet of commercial airships and replace the present global aviation airplane fleet. Presently, world loses vast amount of Helium it produces every
day. Helium isa strategic element, found only in the production of natural ga. It is too light to stay in our atmosphere, It rises into space and there is no trace Helium to
be found anywhere except in deep inside the Earth's crust. Unless it is captured and refined, Helium escapes during natural gas production. The story of Helium is use it
or lose it. Production of Helium is a multi-billion USD opportunity.
This is visionary and doable. Based on the physies of buoyancy, lighter-than-air craft use 80% less energy than conventional planes and jets for a kg/km. This remaining
20% gap between today and the electric airship future will be improved battery and/or solar cell efficiencies. In addition to the fuel savings, which alone justify the shift
will replace the global need for widening canals, building highways and roads, deepening harbors, building runways and railways. World commerce will move forward
without the destructive construction of new infrastructure. The AHET will be an agent of greener change. It will create new and advanced jobs in tourism and
‘manufacturing, It will require an educated skilled management and labor. It will create jobs and greener prosperity{ ‘ Service all carriers
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TEAM
‘The Collective Infrastructure LimiteqDr. Kazeem Bello (CEO of Afrique Capital & Equity Funds)
A seasoned Professional Banker, Risk Manager and Project Manager. Kazeem commenced bis
‘banking career at Commercial and Merchant Banks in Nigeria, rising to a position of Area
Manager before he relocated to the US in 1999, With his extensive knowledge of the
Dr. Abioden Asekun (Chairman of CADA Aero)
“More than 30 years of experience in Aircraft Operations Management, Training and Compliance
Management, Airport Management, Regulations and Policies Management, Air Traffic Control
and Management Systems. Recently retired from American Airlines and American Eagles Airlines
economies of West Aftca, he headed various trade service departments at corporate banks such (AMR Corporation) as the Managing Director of Engineering, ran the engineering operations and
as PNC and Citi Bank, the latter becoming Vice President of the Global Consumer Group. He
continues to expand his global network and experience inthe Oil, Gas and Energy sectors,
‘Trade Services and Investment Banking. His knowledge of global financial business enhanced
by advanced training and development in global Private Equity fund management and
Sovereign Funds management.
Professor Hwa Jin Youn (Founder of Focus Consulting)
‘An experienced global business investment adviser in the fields of
public sector infrastructure, energy and utilities, and capital
raising. For over 30 years, he was Senior Economist at the Asian
Development Bank, where he originated sovereign loans totaling $2
billion dollars across the bank's member countries including
Malaysia, Pakistan, Sti Lanka, Indonesia and Pacific Islands.
Subsequently, he became Co-Chairman of private sector Korean
construction companies where he developed business partnerships for
bridges, highways, and multipurpose commercial and project
financing across Asian countries, including China. He lectures a MBA
program at Beulah Height University in Atlanta, Georgia, His
academic qualifications include a Master's Degree in Economics
(specializing in Economic Development) from Yale University, and a
PAD in Economics from the University of Sto.Tomas in Manila,
Philippines. He isa citizen of South Korea, with permanent resident
status inthe United States
was responsible forthe oversight of maintenance, repairs, airframes, components, inspections,
power plant engineering, logistics support and compliance to safety regulations, Provide technical
and operational guidance to Original Equipment Manufacturers (OEMs), Repair Stations, Airines,
Government Agencies and Regulatory Bodies. Currently the CEO/Chairman of CADA AERO
LLC; an MRO, Engineering Services & Technical Consulting Company.
‘The Collective Infrastructure Limiteg
Don Hartsell (Commissioner of World Air League)
Organizer ofthe World Sky Race, a history-making inaugural competitive airship race around the planet, wth confirmed
$1,000,000 winner's prize. Prominent partners include UNESCO to provide global educational programs on the cultural
significance of their World Heritage sites visited by the racing airships, the Portuguese Navy to ais the airships with
mid-Atlantic ocean refueling, and the Crown Prince of UAE to incorporate his international airport as part of the race
Toute. Other prominent sites for race flyovers and landings inchude the Great Pyramids of Egypt, Royal Gardens inthe
‘grounds ofthe Versailles Palace (France), Statue of Liberty (US) and the Tai Mahal (India), Featured story has appeared
‘on the front page ofthe Wall Street Joumal, CNN, ESPN and National Geographic, Don has always been a trendsetter
and explorer into the unknowns. His company Solex successfully implemented revolutionary new techniques devised in
collaboration with NASA on the world’s largest book restoration project for the Los Angeles Public Library. Other
prestigious clients include restoration projects forthe Hofburg Palace in Vienna, Austria, and the Reichstag in Berlin,
Germany. In recognition of his pioneering work, Don has received the R&D 100 Award, was nominated for the National
Modal of Technology, the nation’s highest award for achievements in technology, and an elected member of the
exclusive Explorer’s Club. He has been an invited Speaker to The White House, US Congress House of Representative
‘on the Appropriations Committee, National Archives, MIT, Getty Museum, American Petroleum Institute, International
Research Institute in The Netherlands, UNESCO and a the World Future Energy Summit
|
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|Dr Raphael Eluemuno Ajalie (Chairman of Reocomm Group Holdings)
‘ADesign and Network Architect with Executive Masters in Project Management and Masters
Degree in Telecommunications. He is a Member of International Association of Engineers
(IAENG), Certified Fiber Specalst-Outside Plant/Design (CFOS/D/O), GVF Certified
Examiner (510,520,521,HOST), Ubiquity Certified Trainer(UEWA, UBRSS), Mikrotik
Consultant, He has trained in USA, India, Dube, Nigeria, Tanzania, Liberia & Ghana. Designed
and integrated the wireless Common User Terminal Equipment (CUTE) for Liberia's Roberts
International Airport, to handle all aspects of passenger ticketing and boarding processes.
f
Dr. Deborah Olusa (CEO of Wellness Pyramid)
isa seasoned entrepreneur, educational and organizational leader with a pasion for advancing
Health & Wellness, Education, Global Partnerships and International Business Strategy. Most
recently, Dr, Olusa was recognized during the 70® International Human Rights Day Conference
by The International Human Rights Commission - RFT as a TOP 100 Human Rights Defender
(2019) at The United Nations. Notably, she has served as a speaker for several High-Level
United Nations panels and is recognized for providing “Impactful and Practical” speeches that
provide audiences with immediate and actionable steps toward achieving ther fillst potential
in the areas of BIG Data, Breast Cancer, Women Empowerment and Economic Development.
The Collective Infrastructure Limiteg
‘Timi Alonge (Managing Director of Aquila)
Hes a wealth of experience in the world of Business and Commerce with a background
discipline in Law, Corporate Banking and Entrepreneurship.
sao,
a
David Zorto ((T and Marketing Director 0f Aquila)
With experience in DBIO, David spent the ast 4 years consulting for SMEs and creating digital
sales funnels for clients across London.Karaden Finance, Ltd.
18312 BUCCANEER TERRACE
LEESBURG, VA 20176
‘pil 19, 2021
Dr. Leong Ying
‘Our Collective ~ Creator
Dr. Are Raphael Eluemuno Ajalie
Reocomm Group Holdings - Chairman
Timi Alonge
‘Aqui Traders - Managing Director
Reference: $2.3 Bion Funding for Lagos New Airport Project,
Dear Dr. Ying et al,
‘AS a response to discussions among you and your colleagues wih Dr. Kamle and me
luring the past several months regaing the financing of the New Aiport Prject in
Lagos, Nigeria, and in particular ater our conference call by Zoom today, | am following
Up with our commitment to work with you and your team to bringing our ancl
capabilites to finance ths important projec. As we have discussed inthe past ve have
reatinterest in working in Nigeria on this projec as well as several oher projects.
‘The conditions for providing funding forthe total costo the project are enumerated in
the attached Term Sheet. The funds will be used to support al engineering and design,
infrastructure improvements, permiting and operations. The funds wil be drawn upon in
tranches as requested by the Project and agreed to by Karaden Finance.
Itis understood that all ofthe amounts above willbe supported by information developed
‘and provided to Karaden Finance during the due diigence phase, so that there could be
adustments as the Project team conclides the complete analysis ofthe Project
| wil be available to discuss this this proposal at your convenience
Sincerely,
Ait
Douglas L. Miler, Director
Keraden Fiance. Lid.
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Integrated Trust and Investment (ITI)
Limited has eamed a vanguard reputation
in the financial market, having
participated in big ticketed transactions
such as packaging and offerings of
securities, listing of large volume of
shares for its clients on the Nigerian
Stock Exchange. They have conducted
landmark trades and management of high
valued investments for corporations and
individual investors.
ITI list of clientele includes several
multinational conglomerates operating
both in the manufacturing and trading
sectors of the Nigerian economy. They
also serve other corporate clients such as
banks, petroleum companies, insurance
and pension funds, along with high net
worth individuals and partnership firms.
Professor Gbolahan Elias is the presiding partner of G Elias & Co, one of Nigeria’s
leading business law firms. He is also a visiting professor of law at Babcock
University, Ilishan where he teaches shipping, petroleum and arbitration law. He has
published widely on a range of both historical and topical legal matters, and served on
numerous law reform committees, university administration boards and law journal
editorial boards.
He read law at Magdalen and Merton Colleges, Oxford (UK), graduating with DPhil,
BCL (first-class honours), MA and BA (first-class honours) degrees from the
University of Oxford. Elected to the New York Bar in 1990, he was an Associate at the
Cravath firm in New York, and has been a senior advocate of Nigeria since 2005. He is
amember of the Chartered Institute of Arbitrators.
Professor Elias has advised on numerous transactions in the Nigerian energy sector,
including the largest acquisitions to date of electricity generation and distribution
companies. He also advised on the development and negotiation of the precedent-
setting power-purchase contracts and vesting contracts for the Federal government-
backed single buyer of grid electric power. He recently advised on a US$1.2 billion
gas-to-power project financing and a USS1.5 billion refinancing of NNPC petroleum
product import receivables. He is currently advising the Transmission Company of
Nigeria on the Eligible Customer Regulation 2017.”
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Dr. Meter Adenia (Chief Operating Ofer
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PRESIDENTIAL
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Opening Ceremony for the Economic Recovery and Growth Plan (ERGP)
Focus Lab coordinated by the Ministry of Budget and National Planning
(On Cleve Creatr
Dr Leon Ting
Pretdent Makommede Babar ‘Ose Ondeto
‘Opin Spe Uounder Hone Grose)
ih Our Calne Member
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Our Collective ERGP Focus Lab Projects
Aviation (Transportation), Chad Basin (Agriculture), NNPC (Medical)22 Ce ee