The Assets Management Company of Nigeria (AMCON) has said that it would engage some foreign airline operators to manage Arik Airline which it took over recently. Speaking during a session with the House of Representatives aviation committee in Abuja, the Managing Director of AMCON, Ahmed...

The new management of Arik Air has said it inherited nearly an empty shell of a carrier with only 10 out of the 28 aircraft in its fleet functional at the moment. It also said that the rot in the company would require N10bn to...

The federal government has finally rescued the ailing Ark Airline from total collapse and immediately appointed Receiver/Manager to avoid the impending retrenchment in the aviation sector. Ark Air has been facing tremendous challenges, notably heavy indebtedness in recent times. Asset Management Corporation of Nigeria (AMCON), who...

Air travellers avoided the ticketing and reservation counters of Arik Air  despite the fact that the airline commenced skeletal operations in the afternoon at the Nnamdi Azikiwe International Airport Abuja. Arik, Nigeria’s largest commercial airline, had announced a temporary suspension of its flight services on...