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 […]
Nigeria’s oldest airline, Aero Contractors has made history by conducting the first C-check on a Boeing B373. This follows the certification of the airline by the Nigerian Civil Aviation Authority (NCAA) which issued Approved Maintenance Organisation (AMO) certificate to the company, qualifying it to carry out aircraft maintenance up to C-check level on Boeing Classics: […]
The low value of the naira has increased the cost of overseas aircraft maintenance to over N50 billion annually, Nigerian airline operators have said. They noted that the cost would have been higher if many of the airlines did not shut down their operations in the last five years. There are relatively fewer operating aircraft […]