Aviation

How Foreign Airlines Partly Repatriated $802m ‘Trapped Funds’ from Nigeria

Despite claims in some quarters that foreign airlines may soon shutdown operation in Nigeria as a result of ‘trapped funds,’ it has emerged that that many of the airlines have since repatriated their funds from Nigeria. The International Air Transport Association (IATA), had recently said Nigerian government could hamper air connectivity over the non-repatriation of […]

Chairman, Arik Air, Sir Arumemi Ikhide Aviation

Will Arik Air Return to Arumemi-Ikhide?

Six years after the Asset Management Corporation of Nigeria took over the management of Nigeria’s major carrier, Arik Air, the court has ordered that the agency should give account of the period it operated the airline, a development that may lead to the return of the airline to its founder. On Wednesday, the founder of […]