Controversy has trailed the claim by the Nigerian Civil Aviation Authority (NCAA) that it did not suspend the operations of Arik Air. The NCAA had issued a statement through its Director, Public Affairs and Consumer Protection, Michael Achimugu, explaining that it did not suspend the airline’s operations but only grounded the aircraft in its fleet […]
The Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered that the operations of Arik Air should be grounded. The Minister or the Ministry of Aviation has not issued any statement to explain why that directive was given but inside source indicated that the action was not unconnected to legal issues. Recently Abuja Court […]
The management of Air Peace has reacted to reports indicating that it was blacklisted by lessors on dry lease (long term leasing) along with other airlines, saying that it had never engaged in dry lease and it had never been blacklisted. In another related development, the shareholders of Arik Air also denied that the airline […]
•Insists Arik owners must present resolution strategy that makes sense to corporation, CBN, Ministry of Finance •Says N280bn realised from sale of 350 assets Obinna Chima and Eromosele Abiodun (THISDAY Newspapers) The Managing Director of the Assets Management Corporation (AMCON) yesterday, narrated how its proposed carrier, the Nigerian Eagle (NG Eagle), which ought to be […]
As Asset Management Corporation of Nigeria gets set to wind down, Chinedu Eze looks at the activities of the agency in the aviation industry, especially its contributions in Aero Contractors and Arik Air. Since the President Ahmed Bola Tinubu took over office, there has been indications that the Asset Management Corporation of Nigeria (AMCON) would […]
