Indians displacing others to assume world managers in digitech?
Recent global CEO appointments in leading technology conglomerates have presented a rather surprising trend as Indians sweep almost all top management positions across known tech giants. This is as the AMCON-managed domestic carrier, Aero Contractors, said it has engaged Indian…
Why marketers jerked up Aviation fuel pump price— Aero Contractors boss
Fresh explanation emerged weekend, giving reasons why petroleum marketers increased pump price of Aviation fuel, Jet A1. Recall that the Nigerian national Petroleum Corporation (NNPC), last week claimed that there is no cause for alarm because the system has products…
Red Star Express begins cargo GSA services, seals deal with Aero, others coming
Leading logistics and cargo generating company, Red Star Express Plc, has expanded business offerings to the cargo General Sales Agent (GSA) services in Nigeria airports. In an interview with the Group Managing Director, Dr Olusola Obabori, he averred that 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,…
Nigerian banks’ still reluctant in lending to domestic airlines—Aero Contractors boss
The Chief Executive Officer, Aero Contractors, Capt. Ado Sanusi, has again, revealed that whereas indigenous airlines continue to make frantic efforts to remain in business, they have continued to be impaired by the technical blockade in funding by local banks….
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….
Work towards merging Arik, Aero into Nigeria Air—Ojikutu tells FG
The Secretary General, Aviation Safety Round Table Initiative (ASRTI), Group Capt. John Ojikutu (rtd), has advised the federal government to consider merging the AMCON revived Arik Air and Aero Contractors into the unveiled new national carrier, Nigeria Air. Before his…
FG still looking for initial $300m for Nigeria Air as AMCON keeps mute on 2 airlines
The initial pomp and pageantry that greeted the unveiling of Nigeria Air name and logo recently at the London Air-Show may be fading away over apparent paucity of fund as the federal government suddenly become speechless on further build to…
