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AMCON

27 Feb 2017
Airlines operators and the Nigerian Civil Aviation Authority (NCAA) have disagreed over the reasons for the low survival rate and demise of airlines in the country.
26 Feb 2017
The Asset Management Corporation of Nigeria (AMCON) said public confidence was gradually returning to Nigeria’s largest domestic carrier, Arik Air, barely two weeks after it took over the airline.
21 Feb 2017
Economic growth is all about businesses increasing productivity, that is, businesses getting better and better at doing things. Be it increasing the yield per hectare in agriculture, or the products created per worker in manufacturing...
17 Feb 2017
Deputy Director, Press and Public Affairs, Aviation Ministry, James Odaudu, also explained that the government only intervened in Arik in order to save the carrier from collapse.
16 Feb 2017
The Senate Committee on Banking, Insurance and Other Financial Institutions yesterday reviewed the ugly details that crippled the operations of Arik Air...
14 Feb 2017
The Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services, known more as OAS Helicopters in Lagos following a court order. It was the third aviation firm to be taken over by the bad bank in four months.
14 Feb 2017
Passengers yesterday had a brawl with officials of Arik Air at the Murtala Muhammed International Airport (MMIA), Lagos over the cancellation of Lagos-Accra, Lagos-Banjul and other foreign flights...
13 Feb 2017
The new management of Arik Airline will this week scale down flight operations to realign with the number of serviceable aircraft currently at its disposal.
12 Feb 2017
The Asset Management Corporation of Nigeria (AMCON) on Sunday said it had discovered deep rooted rot at embattled airline, Arik Air.
12 Feb 2017
Capt. Nogie Meggisson, Chairman, AON, made the claim on Sunday in Lagos while reacting to the takeover of Arik Air and Aero Contractors by the Asset Management Company of Nigeria (AMCON).
11 Feb 2017
Meanwhile, the Deputy Managing Director of Arik Air, prior to AMCON’s takeover, Capt. Ado Sanusi, has been commissioned as the new Chief Executive Officer of Aero Contractors.
10 Feb 2017
The News Agency of Nigeria (NAN) reports that AMCON had on Thursday taken over Arik Air following the airline’s huge indebtedness to the company and other creditors, both local and foreign.

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