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Farooq

Posts Tagged "arik air"

HomePosts Tagged "arik air"

By Obinna Chima The Asset Management Corporation of Nigeria (AMCON) yesterday restated that it had not entered into negotiation with the management of Ethiopian Airlines regarding Arik Air Limited (Arik), which it took over recently. AMCON’s Head, Corporate Communications, Jude Nwauzor, in a statement yesterday, said the attention of the corporation was drawn to a […]

By Chinedu Eze The controversy rocking Nigeria’s major carrier, Arik Air, may soon be over as the shareholders are now deeply in discussion with a major investor, who would take over significant shares from the company and provide the funds to offset the debts of the airline owed to Asset Management Corporation of Nigeria (AMCON) […]

The Receiver Manager of Arik Air, Mr Oluseye Opasanya (SAN), said the embattled airline was indebted to its trade and finance creditors to the tune of N375 billion. Opasanya made the disclosure in an affidavit filed in support of the airline’s receivership by the Asset Management Corporation of Nigeria (AMCON), before Justice Muhammed Idris of […]

The management of Arik Air says it has resolved the impasse with labour unions, which affected it operations on Thursday. The airline said the impasse, which was led by the Lagos State branch of National Union of Air Transport Employees (NUATE),  Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and  National Association of Aircraft Pilot and Engineers […]

The new management of Arik Air has announced a slash of airfares for passengers on all domestic routes in a special promotional fare geared at boosting patronage. The new airfare regime will enable passengers buy a-one-way ticket to any destination in Nigeria from N16, 000. The promotional fare will run from March 6 to March […]

Maureen Ihua-Maduenyi Following the takeover of Arik Air by the Asset Management Corporation of Nigeria and a reduction in its flight operations due to fleet reduction, some workers of the carrier may soon lose their jobs, sources have said. A source within the airline, said there were rumours that the company’s over 2,000 workforce may […]

Chinedu Eze There are indications that Arik Air which management was taken over on last week by the Asset Management Corporation of Nigerian (AMCON) has started going through a new lease of life. According to the head of AMCON media consultant, SY and T, Simon Tumba, within 24 hours of intervention by the government, “Arik […]

Maureen Ihua-Maduenyi The new management of Arik Air has announced the suspension of its international flight operations to enable the carrier find permanent solutions to the problem of delays and cancellation of flights. The airline said the decision was aimed at realigning operations and refocusing on satisfying its domestic, West African and other international passengers. […]

The federal government has come to the aid of Arik Airline, which has been experiencing difficulties in recent times. According to the Asset Management Corporation of Nigeria (AMCON), the decision to intervene “clearly underscores the government’s commitment to instill sanity in the country’s aviation sector to prevent a major catastrophe”. The airline will now be […]

Arik Air yesterday morning resumed scheduled flight services on both domestic and international routes after protesting workers and unions called off a strike late Tuesday. It was learnt that the airline had a slow start at the Lagos end of operations, as passengers were initially skeptical of flying the airline after the earlier disappointment. But […]