Justice Mojisola Dada of a Lagos Special Offences Court, Ikeja, has refused the document sought to be tendered by the Economic and Financial Crimes Commission (EFCC) in the ongoing trial of a former Managing Director of Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four others. The EFCC had alleged that the defendants defrauded…

The Minister of Aviation and Aerospace Development, Festus Keyamo, has been championing essential air transport interventions to assure the safety of stakeholders’ investments.

In a rekindled bickering over the airline's financial status, the Asset Management Corporation of Nigeria (AMCON) and Arik Air shareholders have traded fresh accusations over the embattled airline's debt of over N455 billion.

The Asset Management Corporation of Nigeria (AMCON) may merge Arik Air and Aero Contractors and convert them into a national carrier, according to AMCON Managing Director/CEO, Gbenga Alade. Speaking at an interactive session in Lagos on Monday, Alade noted that both airlines owe significant sums that they are unlikely to repay. Alade explained that AMCON…

Arik Air has announced resumption of flight operations, one week after the Nigeria Airspace Management Agency (NAMA) grounded three of their aircraft following a court injunction related to a $2.5 million debt owed to a private firm.

Arik Air on Thursday announced the resumption of flight operations, a week after the Nigeria Airspace Management Agency (NAMA) grounded three of its aircraft following a court injunction on a $2.5 million debt owed to a private firm. The airline in a statement by the Managing Director Captain Roy Ijegbodu was silent on whether the…

Aviation stakeholders have submitted that the Minister of Aviation and Aerospace Development, Festus Keyamo, miscalculated by grounding Arik Air over a $2.5 million debt, noting that the Asset Management Company of Nigeria (AMCON) has an interest in the acquisition of assets of the airline.

Aviation stakeholders have asserted that the Minister of Aviation and Aerospace Development, Festus Keyamo, committed a blunder by grounding Arik Air over $2.5 million, given that the Asset Management Agency (AMCON) has an interest in the acquisition of the assets of the airline. They stressed the need for the minister to stop interfering in matters…

The Nigeria Civil Aviation Authority (NCAA) says it has not suspended or halted Arik Air’s flight operations, which continued as scheduled and did not affect the airline’s ability to operate remaining fleet. This is contained in a statement signed by Mr Michael Achimugu, the NCAA Director of Public Affairs and Consumer Protection, on Friday in…

This week’s abrupt grounding of Arik Air operations has raised fresh concerns over executive’s meddling in core technical and operational issues in the air transport sector. The development, akin to a recent grounding of Dana Air airlines by ministerial order, has been flagged as illegal interference in regulators’ oversight remits, beneath the norm of extant…

A Federal Capital Territory (FCT) high court on Wednesday fixed Aug 5, to hear a suit seeking to stop the seizure of the aircraft and other properties belonging to Arik Air Limited over $2.5 million indebtedness. Motion that was filed The Asset Management Corporation of Nigeria (AMCON) filed a motion on notice sequel to Monday’s…

Arik Air has expressed displeasure over the grounding of its operations by the Minister of Aviation, Festus Keyamo, without prior notice.