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 […]
In the first quarter of 2023, outbound international flights surpassed inbound passenger flights, indicating that more people are leaving the country than those coming in. This is as international and local airlines recorded high flight delays within the same period. Documents made available to THISDAY by the Nigeria Civil Aviation Authority (NCAA), showed that international […]
The continuous disagreement between Asset Management Corporation of Nigeria and the shareholders of Arik Air, since the takeover of the Airline six years ago, is affecting investment in Nigeria. Nigerians are worried about the endless feud between the shareholders of Arik Air and Asset Management Corporation of Nigeria (AMCOM), as the situation is already affecting […]
