The Asset Management Corporation of Nigeria (AMCON) has said that in order to recover its huge debts from Arik Air, it injected over N375 billion in the airline and established another carrier, NG Eagle, which in the future would run along with Arik Air. AMCON stated that it sustained Arik Air operations since it took […]
One of the new entrants to the domestic air travel market this year is the NG Eagle being floated by the Asset Management Corporation of Nigeria (AMCON). The corporation has confirmed plans are on top gear to ensure that the airline comes on stream as soon as it obtains its Air Operator Certificate (AOC). Since […]
*Sanusi to Head New Airline, NG Eagle Limited It has been confirmed that former Director of Flight Operations of Arik Air, Captain Abdullahi Zubair Mahmood is now the CEO of Aero Contractors. safeflight.com investigations revealed that the Nigerian Civil Aviation Authority (NCAA) has been notified about his new appointment. Captain Mamood joined Arik Air […]
*Injects N50bn Into Sector The Asset Management Corporation of Nigeria (AM-CON) has joined stakeholders to call on the federal government to provide bailout for the aviation sector, noting that airlines and agencies in the industry critically need financial support in order to sustain their operations. The call was made by the Executive Director in charge […]
The Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has attributed the frequent failure of Nigerian airlines and unstable domestic air travel market to inimical policies and self-destructive actions of the airlines and called for a review of the industry for improved performance. Besides, he said indigenous […]
