Friday, 10 February 2017

FG Takes over Arik Air.

The Asset Management Corporation of Nigeria) AMCON) on Thursday took over the assets of Arik Air and sacked it''s management.

A statement from AMCON said, the development will afford Arik Airlines, which is the largest local carrier to go back to regular and undisrupted operations, avoid job losses, protect investors and stakeholder funds as well as ensure safety and stability in the already challenged aviation sector.
AMCON appointed Capt. Roy Ukpebo Ilegbodu, an aviation expert under the receivership of Mr. Oluseye Opasanya, SAN.
Explaining the rationale for the latest intervention in Arik Airlines, the Minister of State for Aviation, Senator Hadi Siriki said, “We believe that this appointment is timely and will stabilize the operations of the airline. This will enhance the long term economic value of Arik Air and revitalize the airline’s ailing operations as well as sustain safety standards, in view of Arik Air’s pivotal role in the Nigerian aviation sector.”
The Minister who further pledged that the Federal Ministry of Aviation would support the new management of the strategic carrier added that all necessary steps have been taken to ensure that there would be no undue disruption on Arik’s regular business operations or activities of other stakeholders, on account of the recent changes in the leadership and management of Arik Airline.

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