The story
Capital Airlines was founded in 2003. In mid-2005, the airline partnered with Synergy Group to operate Nigeria's viable fringe airports and to open some alternative airports, hitherto considered unviable.
The Nigerian government set a deadline of April 30, 2007 for all airlines operating in the country to re-capitalise or be grounded, in an effort to ensure better services and safety. Capital Airlines satisfied the demanded criteria in terms of re-capitalization and was re-registered for operation.
In 2009, Capital Airlines failed to meet the Nigerian Civil Aviation Authority requirement of having more than one aircraft, forcing it to suspend all flights in October 30, 2009. The company was subsequently dissolved in 2010.
From Wikipedia’s article on Capital Airlines (Nigeria), shared under CC BY-SA 4.0.4
