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 […]
Shareholders: Airline Valued $3.7bn in 2014, Request for Statement of Company’s Affairs Asset Management Corporation of Nigeria (AMCON) has exonerated the Arik Air Receiver Manager, Kamilu Omokide Alaba and insists that the founder of the airline, Sir Arumemi Johnson owed AMCON N240 billion and described him as a bully borrower. This was contained in a […]
Hundreds of intending pilgrims to Saudi Arabia were stranded yesterday at the Muhammad Murtala International Airport(MMIA) Lagos, as the indigenous carrier, Arik Air failed to provide aircraft to airlift them to the Holy Land. The affected intending pilgrims were those scheduled to be carried by the private tour operators under the aegis of Association of Hajj and Umrah Operators of Nigeria (AHUON). Some of the tour […]
Lack of competence and expertise have been attributed to why Nigeria’s prime airline, Arik Air became moribund under the management of Asset Management Corporation of Nigeria (AMCON) and went down from having 3, 258 workers in 2017 to 500 and from 27 aircraft to barely operating five currently. Arik Air was not only the biggest […]
