Labour unions in the aviation industry have alleged that the Asset Management Company of Nigeria (AMCON) has not invested the funds needed to revamp Aero Contractors and Arik Air, which the Corporation took over their management when they were going under. AMCON said it took over the airlines to resuscitate them and recover the huge […]
Aviation industry experts posit that despite the fact that Nigeria has a renowned aviation college established in 1964, Nigeria is nowhere, near Kenya, Ethiopia and South Africa in terms of the number of citizens employed in the aviation sector both locally and abroad. Ethiopia may lead the pack as the country with the highest number […]
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 […]
Although domestic airlines have expressed satisfaction over their recent inclusion in the interbank FX market, they have however argued that its implementation is a totally different ballgame. It was an elated Minister of State, Aviation, Senator Hadi Sirika that conveyed the good news last weekend that the Central Bank of Nigeria (CBN) had included domestic […]
Nigeria is between a rock and hard place, and every day it is getting more and more difficult to leave it — literally. The country is grappling with two full-on rebellions — one by Boko Haram in the north and the other by armed gangs in the oil-rich Niger Delta — as well as persistently low crude […]
