The Asset Management Corporation of Nigeria (AMCON) yesterday took over management of the distressed Arik Airlines.
A statement from AMCON said the development would afford Arik Air, which is the largest local carrier, to go back to regular and undisrupted operations.
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 Airline, 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.”
Dailytrust
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