*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 […]
Stakeholders in the aviation industry have expressed concern that one of Nigeria’s major airliner, Arik Air, may find it difficult to remain as a going concern due to alleged financial distress facing the company. But the Asset Management Corporation of Nigeria (AMCON), the management of the airline, described the insinuation as false. Spokesman of AMCON, […]
It was mixed reaction on Tuesday when reports confirmed that the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has called on the 9th Senate to work towards making Arik Air a national carrier. Kuru said this was necessary because the country needs major airlines that could effectively compete […]
Nigeria’s major airports in Lagos, Abuja, Port Harcourt and Kano could generate over N45 billion annually from the current N19 billion, if they are given out in concession to attract private sector funding, THISDAY’s investigation has revealed. THISDAY gathered that the concession of these airports would expand and modernise the facilities. With such facilities, it […]
