Arik Takeover Archives - KOKOMANSION MEDIA

Apart from N300 billion AMCON debt, Arik owes another N25 billion – Official

February 27, 2017Ayo Olowo

The Asset Management Corporation of Nigeria, AMCON, on Monday said Arik Air, under its previous management, owed the International Air Transport Association, IATA, $78 million (about N25 billion). Simon Tumba, Media Consultant to Arik Air, gave the figure while speaking with journalists in Lagos. The airline was on February 9 taken over by the Federal […]

Arik in deep rooted rot, needs N10bn to operate – AMCON

February 13, 2017Ayo Olowo

The Asset Management Corporation of Nigeria (AMCON) on Sunday said it had discovered deep rooted rot at embattled airline, Arik Air. AMCON said it would require over N10 billion to fix the rot before the largest local carrier could resume full and uninterrupted flight operations to its regular routes across the country and beyond The […]

Tag: Arik Takeover

Apart from N300 billion AMCON debt, Arik owes another N25 billion – Official

Arik in deep rooted rot, needs N10bn to operate – AMCON

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