Shareholders of Arik Air Limited has filed a N20 billion suit against the federal government and Ethiopian Airlines over recent claims in the media that they were negotiating the takeover of the airline. The suit was instituted by the shareholders of the airline at the Federal High Court, Lagos against Ethiopian Airlines, the Federal Ministry […]
A think-tank body known as Aviation Round Table Initiative (ARTI) has expressed support for the establishment of national carrier but noted that such airline must be fully funded by the private sector and not by government or its agencies. The body, which observed that weak government policies are responsible for the failure of domestic […]
The Acting President, Prof. Yemi Osinbajo, has said the federal government would urgently address challenges facing the aviation industry in Nigeria which have hitherto hampered the growth and development of the sector. Some of these challenges include inadequate supply and high prices of aviation fuel, known as Jet A1, the difficulty in accessing forex, non-establishment […]
Aviation industry experts have cautioned against alleged plan by the federal government through Asset Management Corporation of Nigeria (AMCON) to sell Aero Contractors and Arik Air to foreign airlines. Informed sources at the Ministry of Transportation had hinted that the government approached Ethiopia Airlines and Turkish Airlines to buy Arik but they declined. Also last […]
The recent appointment of directors in the Nigerian Civil Aviation Authority (NCAA) has elicited condemnation from aviation unions and other industry experts, who said that it negated industry principles in the appointment of technical personnel. Those opposed to the appointment insisted that some of the newly appointed directors do not have the technical experience and […]