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Farooq

Posts Tagged "Arik"

HomePosts Tagged "Arik"
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Okechukwu Nnodim, Abuja The Federal Government has commenced discussions with the government of the United Kingdom on infrastructural support for aviation security and the return of Arik Air to the London route. It was gathered that the Federal Government was also discussing with the Kano State Government the reasons why international carriers like Emirates, Turkish […]

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The management of Arik Air says it has reduced the prices of flight tickets on its Lagos-Abuja routes. In a statement on Monday, the airline also said it has reduced the price of its Lagos to Accra one-way ticket from N51,240 to N43,000. “Arik Air has introduced pocket-friendly fares on the Lagos-Accra and Abuja-Accra routes,” […]

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) […]

Chinedu Eze After few months of prevarication, THISDAY can authoritatively report that the Ethiopia Airlines has been negotiating management contract for Arik Air, which was taken over by the Asset Management Corporation of Nigeria (AMCON) in February this year owing to the debts owed it by the owners of the airline. THISDAY learnt that Ethiopia […]

A likely merger and conversion of assets of Arik Air and Aero Contractors is one of the options being considered by the Federal Government (FG) in the buildup to a new national carrier for the country. The option, according to sources, is due to the alleged debt burden of the airlines. Besides, despite government’s recent […]

The Asset Management Company of Nigeria has injected N1.5 billion in Arik Airline Limited to safeguard its operations since its takeover. Captain Roy Ilegbodu, Arik Air Chief Executive Officer, said this at a news conference in Lagos, while highlighting the company’s operations since its takeover by AMCON. Ilegbodu said the funds injected by AMCON helped […]

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 […]