Monday, May 15, 2017

Federal Government To Merge Arik, Aero As National Carrier

A likely merger and conversion of assets of Arik Air and Aero Contractors is one of the options being considered by the Federal Government (FG) in the buildup to a new national carrier for the country.

The option, according to sources, is due to the alleged debt burden of the airlines. Besides, despite government’s recent intervention since their takeover by the Assets Management Corporation of Nigeria (AMCON), the airlines are not promising in terms of operations and debt payment. Details later...
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5 comments:

  1. OlovoMay 15, 2017 at 12:07 PM

    is it that ,,the airline owners are not making profit that they can't offset their debt...anyway,,if this merger eventually happens,,can our FG manage n maintain it well??....

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  2. UnknownMay 15, 2017 at 12:08 PM

    This comment has been removed by the author.

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  3. UnknownMay 15, 2017 at 12:17 PM

    What then is the problem..... The airlines do not perform well in terms of operations and debt payments when they had their own management and as well when management was taken over by AMCON

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  4. UnknownMay 15, 2017 at 1:22 PM

    I suspect foul play

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  5. UnknownMay 15, 2017 at 7:05 PM

    We will keep our fingers crossed to see how that pans out.

    ReplyDelete

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