COVID-19: Air Peace, Arik, other domestic airlines suspend flights to boost lockdown
In line with concerted efforts to save Nigeria from the ravaging effects of COVID-19 pandemic, all domestic airline including Air Peace, Arik Air, Dana Air, Azman and Max Air have started winding up ahead of suspending all their domestic flight…
Workers desert Lagos, Abuja airports over fears of COVID-19
Two leading international airports in Nigeria, Lagos and Abuja Tuesday assumed the near status of ghost vicinity. Checks by Business Hilights can reveal. Though many thought the depopulation was due to closure of international flights from mainly busy destinations, some…
Arik, others continental carriers suspend flights to Ghana, Liberia, Senegal
More African carriers have joined Arik Air in suspending their light services to all West Coast destinations following the continued spread of coronavirus. According to Arik, the affected routes include Accra, Ghana; Monrovia, Liberia and Dakar, Senegal. Arik further noted…
Azman joins Arik, Air Peace to Asaba as Igbos running from 60 checkpoints swell
…Reports confirm embarrassing searches on citizens coming from abroad Whereas more local carriers have shifted their air services to eastern Nigeria routes due to jumping number of travellers going home from Lagos for yuletide from Lagos and Abuja, existing ones…
No airline in Nigeria has successfully existed for 10 years—AMCON
The Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Alhaji Ahmed Kuru, has given insights on why no domestic airline in Nigeria has surpassed a decade of existence. Explaining in a meeting with the National Assembly on the…
AMCON closing in on new investors for Arik Air, Aero Contractors before year end
Strong indications Tuesday emerged revealing that the Asset Management Corporation of Nigeria (AMCON), has perfected drive to hands off management of debt-ridden two major commercial airlines in Nigeria; Aero Contractors and Arik Air. Recall that the federal bad debt absorber,…
Air Peace leads Arik, others in highest number of flights in 2018
Whereas the number of airline operators on domestic route increased from eight in 2017 to nine in 2018, latest figures from the Nigerian Civil Aviation Authority (NCAA) on number of flights carried out by local airlines presented Air Peace on…
Is it that Aero, Arik are leprous or credible investors are not interested?
For more than two years since capital squeeze landed former leading domestic aviation giant, Aero Contractors into the hands of Asset Management Corporation of Nigeria (AMCON), there has not been any cheerful news of strong and credible buyers asking for…
Lack of good offers delaying sale of Arik, Aero—AMCON
The Asset Management Corporation of Nigeria (AMCON), has hinted that though there had been several investors both local and foreign coming for two airlines under its watch for core investment, their offers had been abysmal. According to the Head, Corporate…
No doubt, Aero Contractors can stand now if AMCON hands off, but…
There are strong indications that both Arik Air and Aero Contractors previously annexed by Assets Management Company of Nigeria (AMCON) due to observed bankruptcy are fully revived and need to be freed by the government agency as soon as possible….
