• 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 […]
The management of Arik Air has vowed to challenge the takeover of the airline by the Asset Management Corporation of Nigeria (AMCON), which obtained a court order to take over the operations of the airline. This was disclosed by the deputy managing director of Arik Air, captain Ado Sanusi at the airline’s headquarters in Lagos […]
From all indications, respite may have come the way of Arik Airlines currently immersed in heavy financial debt burden that is threatening to permanently ground the airline. For some time now, the airline, which carries about 55% of the load in the country, has been going through difficult times that are attributable to its bad […]
Nigeria’s oldest airline, Aero Contractors said it has concluded plans to resume flight operations on Wednesday. The airline which stopped schedule services on September 1, 2016 due to lack of operational funds and the inability to pay for maintenance costs of its aircraft taken out for checks, said it would resume small. It […]