Labour unions in the aviation industry have alleged that the Asset Management Company of Nigeria (AMCON) has not invested the funds needed to revamp Aero Contractors and Arik Air, which the Corporation took over their management when they were going under. AMCON said it took over the airlines to resuscitate them and recover the huge […]
Despite the process currently going on to create a national carrier, THISDAY has learnt that the federal government still hopes to establish the new airline on the foundation already laid by Arik Air with technical support from the maintenance section of Aero Contractors. According to informed source from the industry, it would be a lot […]
Last week, the House Committee on Banking and Currency toured the facilities of two major domestic carriers under the management of Asset Management Corporation of Nigeria (AMCON), Aero Contractors and Arik Air to evaluate what the government agency had done in the two airlines. On February 19, 2017 AMCON took over Arik Air due its […]
The Managing Director of Ethiopian Airlines International Operations, Esayas WoldeMariam Hailu has said that it would be extremely difficult for an airline that maintains its aircraft overseas to operate profitably. Overseas aircraft maintenance is very costly because in addition to the actual maintenance cost, the airline pays for ferrying of the aircraft, pilots allowances, accommodation, parking […]
The Asset Management Corporation of Nigeria (AMCON) has severally turned down the plan to use Nigeria’s oldest carrier, Aero Contractors national carrier. Inside sources said that AMCON management turned down the request to use the airline and Arik Air, arguing that the debt overhang in the airlines would not make such start up feasible because […]
