Former Vice-Chairman of Arik Air, Senator Anietie Okon has alleged that some interests in government had planned to take over Arik Air and sell it cheaply to themselves but this was forestalled by Asset Management Corporation of Nigeria (AMCON), which is currently managing the airline. Senator Okon said the interest group took advantage of the […]
The controversy rocking Nigeria’s major carrier, Arik Air may soon be over as the shareholders are now deeply in discussion with a major investor, who would take over significant shares from the company and provide the funds to offset the debts of the airline owed to Asset Management Corporation of Nigeria (AMCON) and other creditors. […]
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 […]