• Contact Us
  • About Us
Saturday, May 17, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

BREAKING: Nigerian govt takes over distressed Arik Airline, gives lifeline

metro by metro
February 9, 2017
in News
0
Arik Air
0
SHARES
0
VIEWS

The Federal Government on Thursday announced a lifeline to financially distressed Arik Airlines to continue to keep it as a going concern in the aviation industry.

The management of the Asset Management Corporation of Nigeria, AMCON, said the decision to intervene clearly underscores the government’s commitment to instill sanity in the country’s aviation sector to prevent a major catastrophe in the country.
“The development will afford Arik Airlines, which is the largest local carrier in the country, 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 spokesperson, Jude Nwauzor, said.
Under the new arrangement, the airline would be managed by Roy Ilegbodu, a veteran aviation expert, under the receivership of Oluseye Opasanya, a senior advocate of Nigeria.
More later…

Read Also

Ghana Detains 2,200 Undocumented Migrants In Crime Crackdown

Nissan Considering Plant Closures In Japan, Overseas- Report

NLC Threatens Showdown Over 89 Labourers At Dangote Refinery

Previous Post

Foreign airlines’ dither on codeshare costs passengers N3bn

Next Post

AMCON takes over Arik Airline on N135bn debt

Related Posts

Ghana May Lose $3.8Bn World Bank Funding Over Anti-LGBTQ+ Bill
News

Ghana Detains 2,200 Undocumented Migrants In Crime Crackdown

May 17, 2025
Nissan Considering Plant Closures In Japan, Overseas- Report
News

Nissan Considering Plant Closures In Japan, Overseas- Report

May 17, 2025
Four Weeks After, Marketers Still Awaiting Dangote Fuel
News

NLC Threatens Showdown Over 89 Labourers At Dangote Refinery

May 17, 2025
Opposition Federal Lawmakers Form Alliance To Counter ‘Excesses’ Of Ruling APC At 10th Assembly
News

HoR Bill To ‘Jail Eligible Nigerians Who Fail To Vote’ Passes Second Reading, As Citizens React

May 15, 2025
Next Post

AMCON takes over Arik Airline on N135bn debt

FA Cup Final: Crystal Palace Edge Man City To Win First Major Title

FA Cup Final: Crystal Palace Edge Man City To Win First Major Title

May 17, 2025
Debt Management Office

DMO Allots Over N4.28b In FGN Savings Bonds For May 2025

May 17, 2025
Ghana May Lose $3.8Bn World Bank Funding Over Anti-LGBTQ+ Bill

Ghana Detains 2,200 Undocumented Migrants In Crime Crackdown

May 17, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version