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FG Rescues Ailing Arik Airline. Appoints Receiver/Manager

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...

Abuja Airport Closure: Foreign Airlines List Demands

International airlines operating in Nigeria have outlined their demands before they can effectively fly to the Kaduna International Airport once the Nnamdi Azikiwe International Airport, Abuja is closed for a six week repair on its runway, beginning from March 8. The airlines made their demands...

Abuja Airport Closure and its Implications

The recent announcement by the minister of state for aviation, Hadi Sirika that the Nnamdi Azikiwe airpot will be closed for six weeks has continued to generate debate among stakeholders. The minister recently disclosed that flights will now be diverted to the Kaduna Airport,...

FG to appoint Technical Adviser for National Carrier

The Federal Government has concluded plans to appoint a technical adviser for the proposed national carrier latest by Wednesday next week. The Minister of State for Aviation, Hadi Sirika, disclosed this to State House correspondents at the end of a meeting of the Federal Executive...

CBN releases $300m to Foreign Airlines

To cushion the effect of the cash squeeze affecting foreign airlines flying into Nigeria, the Central Bank of Nigeria (CBN) has released $300 million out of the $600 million airlines fund stuck in the country. Some of the airlines have either stopped coming into Nigeria...

Airport Concession: There Won’t Be Job Losses – Minister

The Federal Government had indicated its interest to concession the Lagos, Abuja, Kano and Port Harcourt Airports, toward increasing their capacity and efficiency The Minister of State for Aviation, Captain Hadi Sirika, has assured unions in the aviation industry that the proposed concessioning of the...