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More knocks for aviation sector as AMCON annexes OAS Helicopters in Lagos

Indications are still continuing to emerge that the nation’s aviation sector may have been in ruins for too long as the Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services, known more as OAS Helicopters in Lagos.

Before now, OAS is one of the leading helicopter chatter service companies in the country.However, the case is different from Arik Air as it was due to a standing court order. It was the third aviation firm to be taken over by the bad bank in four months.

The News Agency of Nigeria (NAN) reports that AMCON Tuesday sealed the company at Maryland in Lagos, indicating that the company had been taken over by AMCON.

The order on the company’s office reads: “POSSESSION TAKEN TODAY 14/2/17 BY AMCON COURT ORDER ON SUIT NO. FHC/4CS/1139/2016

Though NAN could not authoritatively confirm if the company is indebted to some banks that could have warranted such take over, details of the order was not known as at press time.

It would be recalled that OAS Helicopters was among the airlines that received the Federal Government intervention fund during the tenure of President Goodluck Jonathan with already dead Air Nigeria receiving the loin share of N35bn and going under within months of the facility.

A notice sighted on getting to the gate of the company’s head office showed that all the company had been taken over following a court order.

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