FG Committed to Protecting Lessors Assets – Keyamo
The Federal Government has agreed to guarantee aircraft leasing companies the recovery of their assets leased to Nigerian airlines in case of default. Festus Keyamo, the Minister of Aviation, gave the assurance when officials of the Boeing company, the manufacturers of Boeing air planes and officials of Aercap, the world’s biggest aircraft leasing company, led […]
How Arik Owners Can Recover the Airline – AMCON
The Assets Management Corporation of Nigeria (AMCON) has advised the Chairman of Arik Air, Johnson Arumemi-Ikide, to devise a plan for debt recovery if he wishes to regain ownership of the airline. The counsel was given by AMCON’s managing director, Mr Ahmed Kuru, during a media interaction in Lagos State, the News Agency of Nigeria […]
Less than N3bn Spent on Nigeria Air Project – Hadi Sirika
By Ibrahim Dan-Halilu The immediate past Minister of Aviation, Hadi Sirika said less than N3bn was expended on the Nigeria Air project. Sirika disclosed this while speaking in an interview on Arise Television recently in Abuja. The ex-minister stated that contrary to speculations, less than N3bn budgetary allocation has been made to Nigerian Air since […]
AMCON’s Bid to Return Arik Air to Founder Fails
By Ibrahim Dan-Halilu Fresh facts have emerged in the conflict of interest between the shareholders of Arik Air and the Asset Management Corporation of Nigeria (AMCON), with the latter showing evidence of failed attempts to return the airline to its founder. AMCON and Arik Air (in-receivership), which had been accused of barring the major shareholders […]