Lack of competence and expertise have been attributed to why Nigeria’s prime airline, Arik Air became moribund under the management of Asset Management Corporation of Nigeria (AMCON) and went down from having 3, 258 workers in 2017 to 500 and from 27 aircraft to barely operating five currently. Arik Air was not only the biggest […]
The failure of the Asset Management Corporation of Nigeria (AMCON) to obey the court judgement of March 31, 2023 to render account of its operations in Arik Air since it took over on February 9, 2023 till date, has confirmed allegation that the agency might have grossly mismanaged the airline. In December 2021, the Founder of […]
Six years after the Asset Management Corporation of Nigeria took over the management of Nigeria’s major carrier, Arik Air, the court has ordered that the agency should give account of the period it operated the airline, a development that may lead to the return of the airline to its founder. On Wednesday, the founder of […]
•AMCON to continue managing Arik Air under new executive • Qatar selected as core investor Former Managing Director of Virgin Nigeria Airways, Captain Dapo Olumide has been named interim Managing Director of the new national carrier, Nigeria Air by the federal government. This is coming as the federal government has decided that the Asset Management […]
The Federal Airports Authority of Nigeria (FAAN) said it remitted N16.7 billion to the Federation Account last year. The agency also revealed that in order to reduce congestion at the Lagos airport’s domestic terminal, it had almost completed work on its expansion. Speaking during a joint working visit of the Senate and House Committee on […]
