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AMCON 's Managing Director, Ahmed Kuru

AMCON denies ‘rebranding’ Arik says it wants to create independent entity

DESPITE all evidence to the contrary, the Asset Management Corporation of Nigeria (AMCON) says it is not rebranding any of the five airlines under its control but has approached the aviation authorities in the country seeking a license for an independent entity where all of its aviation assets would be transferred and efficiently managed.

A statement issued last night by Head, Corporate Communications Department, AMCON Mr. Jude Nwauzor in reaction to our story stated that AMCON’s aim is to support the sector and more importantly recover the huge debt owed the Corporation by these aviation entities.

However, with its response and the change of Arik Air’s livery and planned change of name, as well as seeking bulk licensing for all airlines under them; AMCON is yet to explain how what is being carried out is not a rebrand whether of one or all the airlines under it control.

The statement in trying to explain the rebranded Arik aircraft sited in Addis Ababa MRO while undergoing a livery change read:

“Following its mandate especially as it relates to the aviation sector of the Nigerian economy, it is public knowledge that the Asset Management Corporation of Nigeria (AMCON) had approached the aviation authorities in the country seeking a license for an independent entity where all of its aviation assets would be transferred and efficiently managed in a synergetic manner.

“AMCON currently has more than five airlines in its aviation portfolio among other assets that are scattered all over. The proposed new entity therefore has nothing to do with the rebranding any of the airlines within its portfolio as being speculated in several online publications.

“The objective of AMCON’s intervention in the aviation sector is targeted at supporting the sector, given its importance, save thousands of jobs, make the aviation sector a catalyst for the growth of the Nigerian economy and recover the huge debt owed the Corporation by these aviation entities,” it ended

 

 

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