After few months of prevarication, THISDAY can authoritatively report that the Ethiopia Airlines has been negotiating management contract for Arik Air, which was taken over by the Asset Management Corporation of Nigeria (AMCON) in February this year owing to the debts owed it by the owners of the airline. THISDAY learnt that Ethiopia Airlines has […]
Last week, there were reports that investors were interested in investing in the airlines which the Assets Management Corporation of Nigeria (AMCON) took over, particularly Nigeria’s biggest carrier, Arik Air. Writer examines the issues leading to the takeover of the airline by AMCON and the implications of its possible sale Minister of Finance, Mrs. Kemi Adeosun, […]
The Ibru family has expressed its willingness to buy back Aero Contractors, which it lost to Asset Management Corporation of Nigeria (AMCON) owing to the airline’s huge indebtedness to banks. A source with the aviation industry, who disclosed this toTHISDAYsaid AMCON is willing to sell the airline to Ibru family or any other interested party […]
Staff of Arik Air on Thursday kicked against the picketing of the airline’s operations, saying that if the unions really care about the airline, they should seek for its survival first because obstructing its operation in this precarious state is to exacerbate its situation. In keeping with their earlier plan, aviation unions comprising of […]
In this report, Henry Osazuwa takes a critical look at the recent takeover of Arik Air by the Asset Management Corporation of Nigeria and the imperative for a viable financial market in Nigeria Arik Air is an indigenous airline in Nigeria with highest domestic flights, and fledging international air traffic. In 2016, the airline […]