Apparently dissatisfied with certain parts of the Judgment relating to the court judgement on Arik Air, the Asset Management Corporation of Nigeria (AMCON) has revealed that it would appeal the ruling. This is just as the asset managers contended that the Judgment did not either: (i) rule against the appointment of the Receiver/Manager of Arik or (ii) “grant all the …
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Sir Arumemi Ikhide gets judgement as Court gives AMCON 14 days to render Arik Air’s accounts since 2017 take-over
The Federal High Court, Lagos on Friday ruled that the attempt by the Asset Management Corporation of Nigeria ( AMCON) to transfer the assets of Arik Air Limited to NG Eagle Airlines (third defendant) and Super Bravo Limited (fifth defendant); was not in the best interest of Arik Air. This is just as Justice A. Lewis-Allagoa, granted all the prayers …
Read More »2022’s highest domestic, international airlines’ delay in Nigeria- NCAA summary
Statistics obtained by NigerianFLIGHTDECK during the week have revealed some aspects of the operational status of airlines that operate both domestically and internationally, a data which indicates that there is a lot of room for improvement. The document obtained from the Nigeria Civil Aviation Authority ( NCAA) shows that in 2022, 26 airlines carried out a total of 13, 003 …
Read More »Arik Air relaunches Port Harcourt Garden City Express from December 5
To ease hours and stress, Arik Air has reintroduced the Port Harcourt Garden City Express, which serves customers from Lagos directly to the Nigerian Air Force (NAF) Base in the heart of Port Harcourt, Rivers State capital. The Port Harcourt Garden City Express will commence on December 5, 2022, and operate daily from the Murtala Muhammed Airport, Ikeja Terminal Two, …
Read More »NCAA fingers insiders on Arik aircraft component theft, explains unserviceable aircraft implications
DIRECTOR General of the Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu has weighed in on the theft of critical component in Arik Air’s aircraft stating that in his opinion, it was not a vandalization as whoever removed the parts had access, knew what they were after and removed professionally without damaging anything else. This is just as he has …
Read More »House to grill NCAA on NG Eagle, Arik relationship asks regulator to withhold AOC issuance
HOUSE of Representatives Committee on Aviation has said it would get to the bottom of the lingering issues and/or relationship between, Arik Air and NG Eagle midwifed by the Asset Management Company of Nigeria (AMCON) and has asked the Nigeria Civil Aviation Authority, (NCAA) not to issue Air Operators’ Certificate, (AOC) to the new airline. The Committee made this known …
Read More »NUATE tells AMCON to resolve Arik workers’ plight or NG Eagle won’t fly
LEADERSHIP of the National Union of Air transport Employees (NUATE) have declared that if the Asset Management Company of Nigeria (AMCON) refuses to discuss the fate of the airline workers with the union, its new entity NG Eagle will not take off. This is just as the union has said it is ready to picket Arik Air for three months …
Read More »Arik CEO appeals to FG for more funds injection, foreign exchange availability for airline
“Passengers are not really travelling as much as before, we’ve seen that. However, some airlines may not notice that now because that is because the capacity has also dwindled. What I mean by that is that the airlines have suffered so much that the fleet sizes have gone down; therefore normally you not notice that passenger numbers have dwindled but as airlines start to recover, it will become apparent that people are no longer travelling as much as they used to do pre-COVID.
Read More »Captain Ilegbodu clarifies NG Eagle’s ownership; says entity completely different from Arik
“I can boldly say that those airplanes in our industry we call what happened with it recovery. So they have been recovered. If a company owes and it cannot pay, those airplanes were actually mortgaged to AMCON and it is very clear that at some point they’d take their assets and that is what was done.”
Read More »Passengers groan, Arik Air apologizes; as unions ground airline’s flights nationwide
PASSENGERS today felt the impact Arik Air’s shutdown by two unions, National Union of Air Transport Employees (NUATE), Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) which left them stranded nationwide with many forced to make alternate travel arrangements. Barricading access to the airline office as early as five am today, the two unions this morning made good their …
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