• AMCON alleges airline owes over N300bn, additional N10bn needed to fix it The Association of Concerned Aviation Professionals (ACAP) has expressed alarm at the brazen take over of Arik Air by the Asset Management Corporation of Nigeria (AMCON) on behalf of the federal government, describing the foremost local carrier as a private concern, […]
After months of uncertainty over the fate of Nigeria’s largest carrier, the federal government yesterday finally took over the management of Arik Air, stating that the decision had become necessary to save the distressed airline, which it said was “too important to fail”. A statement by the Asset Management Corporation of Nigeria (AMCON), which obtained […]
The Chairman of Arik Air, Joseph Arumemi-Ikhide spoke on the challenges that hampered the operations of local airlines in 2016. Excerpts: Arik Air must have lost huge revenue when the unions stopped your operations for one day? We had held talks with labour and we seem to be agreeing on certain issues they […]
The African Export-Import bank, (Afre-exm) has said that it stated partnering with Nigeria’s biggest carrier, Arik air from inception and pledged to continue to strengthen its relationship with the airline. The said it would give the Nigerian carrier support in the areas it can in recognition of the current economic challenges facing the country. According […]
The Chairman of Arik Air, Sir Joseph Arumemi-Ikhide has said that certain policies of the federal government on air transport in Nigeria tend to discourage investment in the sector. Arumemi-Ikhide said considering the pivotal role air transport plays in the economic growth of any nation, the government should introduce policies that would encourage airlines by […]