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 […]
The Nigeria Civil Aviation Authority (NCAA), has extended the Air Operating Certificate (AOC) of NG Eagle by six months, but the airline has not operated for one day. NG Eagle is an airline set up by Asset Management Corporation of Nigeria (AMCON), which was later sold to an investor, Abdul Ahmad’s company The AOC showed […]
As Asset Management Corporation of Nigeria gets set to wind down, Chinedu Eze looks at the activities of the agency in the aviation industry, especially its contributions in Aero Contractors and Arik Air. Since the President Ahmed Bola Tinubu took over office, there has been indications that the Asset Management Corporation of Nigeria (AMCON) would […]
