AMCON: Bleak Future for Aero, Arik Air
Asset Management Corporation of Nigeria (AMCON) took over Nigeria’s foremost carrier, Aero Contractors and a promising airline, Arik Air, after taking over Nigeria Airways Limited over issues of debts. Since the takeover of both firms, by AMCON, the airlines have recorded diminishing performance, while their debts continue to rise. After the COVID-19 lockdown was lifted […]