Aviation

AMCON Urges FG to Provide Bailout for Aviation Sector

*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 […]

Aviation

AMCON Attributes Frequent Failure of Airlines to High Taxes, Charges

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 […]

arik Aviation

Concerns Mount over Future of Arik Air

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, […]

Arik aircraft Aviation

AMCON, Arik Air and Quest for National Carrier

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 […]