•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 […]
The Nigeria Civil Aviation Authority (NCAA), has extended the Air Operating Certificate (AOC) of NG Eagle by six months, but the airline has not operated for one day. NG Eagle is an airline set up by Asset Management Corporation of Nigeria (AMCON), which was later sold to an investor, Abdul Ahmad’s company The AOC showed […]
*Minister allegedly in frantic effort to arrange flight with NG Eagle *We were prepared before court case, says spokesman With exactly seven days to the end of the Muhammadu Buhari administration, the well-touted Nigeria Air has failed to fly despite all the promises made by the Minister of Aviation, Senator Hadi Sirika. As at last […]
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 […]
There is mixed reaction to the plan by the Lagos state government and Kano state government to take over the management of the Murtala Muhammed International Airport terminal and the Aminu Kano International Airport, Kano Terminal respectively in the on-going programme to concession some major airport facilities in the country under the Public, Private Partnership […]
