The Asset Management Corporation of Nigeria (AMCON) has said it would liquidate and sell Arik Air after it has vacated all the cases it has with the airline, pointing out that doing so before then would be subjudice. This was disclosed yesterday in Lagos by AMCON’s spokesman, Jude Nwauzor, during a media briefing organised by […]
Shareholders of Arik Air have faulted the report by the Asset Management Corporation of Nigeria (AMCON), which claimed that the airline owed the corporation N227,637,469,394.34. The shareholders in a statement issued yesterday by their spokesman, Godwin Aideloje, described the debt claim as another example of AMCON’s habitual and disingenuous misinformation strategy. “It is not surprising […]
The Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered that the operations of Arik Air should be grounded. The Minister or the Ministry of Aviation has not issued any statement to explain why that directive was given but inside source indicated that the action was not unconnected to legal issues. Recently Abuja Court […]
The Managing Director and CEO of Nigeria’s oldest carrier, Aero Contractors, Captain Ado Sanusi, said despite the challenges the airline faced in the last few years, it is now in a rebound. Excerpts. Give a little genesis of when you took over as CEO of Aero Contractors before you left and later came back. What […]
•Insists Arik owners must present resolution strategy that makes sense to corporation, CBN, Ministry of Finance •Says N280bn realised from sale of 350 assets Obinna Chima and Eromosele Abiodun (THISDAY Newspapers) The Managing Director of the Assets Management Corporation (AMCON) yesterday, narrated how its proposed carrier, the Nigerian Eagle (NG Eagle), which ought to be […]
