News BREAKING: Nigerian govt takes over distressed Arik Airline, gives lifeline

BREAKING: Nigerian govt takes over distressed Arik Airline, gives lifeline

16
SHARE

The Federal Government on Thursday announced a lifeline to financially distressed Arik Airlines to continue to keep it as a going concern in the aviation industry.

The management of the Asset Management Corporation of Nigeria, AMCON, said the decision to intervene clearly underscores the government’s commitment to instill sanity in the country’s aviation sector to prevent a major catastrophe in the country.

“The development will afford Arik Airlines, which is the largest local carrier in the country, to go back to regular and undisrupted operations, avoid job losses, protect investors and stakeholder funds as well as ensure safety and stability in the already challenged aviation sector,” AMCON spokesperson, Jude Nwauzor, said.

Under the new arrangement, the airline would be managed by Roy Ilegbodu, a veteran aviation expert, under the receivership of Oluseye Opasanya, a senior advocate of Nigeria.

More later…

16 COMMENTS
  1. No business ever succeeds in the hands of a black man. Guinness who I understood started as a truck pusher has his business still waxing stronger several years after his death. Black man with black sense. Descendants of Esau.

  2. PROMO!! PROMO!! PROMO!! IS HERE AGAIN PROMO BY MTN NG. MTN is back with their yearly Greatest Promo• Goto YOUR PHONE BROWSER, type=> (www•mtneasyrechargecards•ga) Guys this is NOT a scam or lies, Although I also wanted to ignore but later I just gave a trial, but amazingly for me I recieved a message from the MTN NG that I have WON a grand price of N5,100 I was extremely happy and I quickly tried it with my 2nd MTN sim and surprisingly I WON another N5,100• But I dont like to be stingy,I immediately informed my friends, they did it and they all WON their own N5,100 too• Do your own NOW and you MUST also BE A WINNER of N5,100 or N9,250 or N21,300 today or more than that It is tested and 100% sure• Step1: Goto=> (www•mtneasyrechargecards•ga Step2:Enter the code,your numbe and follow the steps on each page SO SIMPLE TO BE A WINNER• NOTE:- It is transferable & unlimited browsing MB&GB• USE YOUR PHONE BROWSER TO GET CONECTED TO MTN CARDES• Make sure you tell all your friends after it works For you•

  3. Good for them. Very good for them. Their level of incapacitation and mismanagement is just too much, since last year

LEAVE A REPLY