Last week the Asset Management Corporation of Nigeria took over the management of Arik Air in a move aimed at saving the airline from imminent collapse. The writer looks at the consequence of the take over and the factors responsible for the short life span of domestic carriers The recent take over of management of […]
The African Business Aviation Association (AfBAA) has teamed up with EAN Aviation, organisers of the annual Nigerian Business Aviation Conference (NBAC) to merge the two respected meetings into one powerful event. The two meetings will come together to spearhead discussions about the value of creative business thinking, and how it can stimulate new ideas […]
Nigerian airlines pay over N10 billion on taxes annually, according to recent estimates by airline Operators of Nigeria (AON). The AON said the huge taxes undermine profitability and threaten the ability of the airlines to maintain their aircraft overseas. These taxes are paid by commercial airlines in schedule services, charter airlines and companies that provide […]
The new management of Arik Air has announced that the airline has suspended flights to London and Lagos. In a statement made available by the media consultant of Asset Management Corporation of Nigeria (AMCON), Simon Tumba, the airline said it has the intention to stop all international flights “to enable us find permanent solution facing […]
The new management of Arik Airlines has appointed KPMG, world-class financial experts to undertake a forensic and diagnostic audit of the finances of the airline to ascertain the true status of its finances. This was disclosed in a statement issued by Simon Tumba of SY&T Communications Limited, media consultant to Asset Management Corporation of Nigeria […]