FEDERAL GOVERNMENT TAKES OVER ARIK AIR, APPOINTS NEW MANAGEMENT.
The Nigerian Federal Government has now taken over the operations of Arik Airlines, the nation’s largest air carrier. The takeover was done in a bid to save the dying airline from going into total liquidation.
The Asset Management Corporation of Nigeria, AMCON explained that the government is going to give aids to help Arik air that is currently entangled in financial problem keep going for long in the country’s aviation industry.
In a statement credited to Jude Nwauzor, AMCON spokesperson by Premium Times, he had this to say:
“The development will afford Arik Airlines, which is the largest local carrier in the country, to go back to regular and undisrupted operations, avoid job losses, protect investors and stakeholder funds as well as ensure safety and stability in the already challenged aviation sector,”
Mr Jude Nwauzor further intimated journalists that the government’s decision to come in shows its commitment to bringing sanity to the nation’s aviation sector.
Roy Ilegbodu, an experienced aviation practitioner will now take over management under this new arrangement. He will be under the receivership of Oluseye Opasanya (SAN).
Arik, Nigeria’s biggest airline has been having troubles for a while now with reports of heavy financial debts, luggage pilfering, a demotivated workforce, routinely delayed and cancelled flights among others.These problems are the reasons why the government decided to wade into the situation and salvage what’s left of the airline.
Commenting on the issue, Nigerian minister of state for aviation Hadi Sirika said that the government taking over the airline will help it stabilize operations, follow safety standards, create economic value, and renew its operation with vigour given its key role in the Nigeriaaviationon sector.
The Newly appointed management assured staff and customers alike of its commitment to increase value and guarantee better relationships.