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Arik Air: N16,000 Promotional Fare Ends 17 April

Arik Air has extended the validity of the ongoing N16, 000 promotional fare to cover the period of Easter. The special fare which enables an air traveler to buy a one-way ticket to any destination in Nigeria with N16, 000 was originally scheduled to end...

Revisiting the Takeover of Arik by AMCON

The crisis in Nigerian aviation industry reminds one of the global aviation crisis of 2008 when airlines were grounded due to economic recession. As at then, Latin America has had the lowest losses worldwide which ended the year of 2008 on a positive trend...

Arik Air Grounded by N325.5bn debts-Kuru

Arik Air was taken over by Assets Management Company of Nigeria AMCON because the airline was owing it N146 billion, out of a total N352.5 billion owed global creditors, AMCON’s CEO Ahmed Kuru has said. He made this known at a meeting with the Senate...

N300bn Debt: AMCON Takes Over Arik Air as EFCC Grills Arumemi-Ikhide

The Federal Government, through the Asset Management Corporation of Nigeria, took over the operations of the nation’s biggest carrier, Arik Air, and appointed Capt. Roy Ukpebo Ilegbodu as its new manager. It was gathered that the beleaguered airline was indebted to alone to the tune...

58% of Domestic Flights Delayed in 2016

Eight Nigerian airlines delayed 32,121 (equivalent to 58%) of 54, 682 flights operated between January and December, 2016 and cancelled 1,207 flights, findings by Daily Trust have shown. In the year under review, the airlines, including Aero Contractors, Arik Air, Azman Air, Med-View, Dana Air,...

Debt: Arik Air resumes claims payment of N18.9bn to FAAN

Arik Air on has claimed that it had paid a total sum of N18.9 billion to the Federal Airports Authority of Nigeria (FAAN) from January 2007 till date. The News Agency of Nigeria (NAN) reports that the Managing Director of Arik Air, Mr Chris Ndulue, made...