Says AMCON cooking up debt figures to justify Arik take-over Blames weakened naira for debt profile Founder of Nigeria’s biggest carrier, Arik Air, Joseph Arumemi-Ikhide, has said the take over of the airline by the Asset Management Corporation of Nigeria (AMCON) in a “commando style” was a bad signal to investors. Arumemi-Ikhide also accused AMCON […]
The new management of Arik Air has announced that the airline has suspended flights to London and Lagos. In a statement made available by the media consultant of Asset Management Corporation of Nigeria (AMCON), Simon Tumba, the airline said it has the intention to stop all international flights “to enable us find permanent solution facing […]
The new management of Arik Airlines has appointed KPMG, world-class financial experts to undertake a forensic and diagnostic audit of the finances of the airline to ascertain the true status of its finances. This was disclosed in a statement issued by Simon Tumba of SY&T Communications Limited, media consultant to Asset Management Corporation of Nigeria […]
• AMCON alleges airline owes over N300bn, additional N10bn needed to fix it The Association of Concerned Aviation Professionals (ACAP) has expressed alarm at the brazen take over of Arik Air by the Asset Management Corporation of Nigeria (AMCON) on behalf of the federal government, describing the foremost local carrier as a private concern, […]
The Asset Management Corporation of Nigeria (AMCON) has appointed the former Deputy Managing Director of Arik Air, Captain Ado Sanusi the new CEO of Aero Contractors. Sanusi replaces the former Aero boss, Captain Fola Akinkuotu who is now the Managing Director of Nigerian Airspace Management Agency (NAMA). Sanusi joins Aero with invaluable wealth […]