Confusion, official denial trail Ethiopian Airlines buy over of Arik Air
Contrary to the pronouncements of the Managing Director of International Services at Ethiopian Airlines, Esayas Wolde Mariam, on CNN last week Thursday that the company had submitted a formal offer to take over the carrier, the Ministry of Aviation said…
Details emerge on how AMCON intervention stabilised Arik Air operations
Barely two months after the takeover of stressed Arik Air by the Asset Management Company of Nigeria (AMCON), indications have emerged showing returning to stability, a stone throw to profitability in the near future. This was revealed by the Managing…
Shareholding, depth of debts to dominate discussions on Dubai group deal in Arik Air
Emerging prospective team of investors from Dubai, United Arab Emirates in stressed Arik Air is set for second round of discussion that will be centered on structuring shareholding and the depth of the debts, which creditors must back with evidence,…
Arik Air has 68.5% of all cancelled, delays flights in Q1—-NCAA Report
Just as a total number of 54 flights were canceled by the 30 airlines on the international routes, which indicated 1.7 percent of their total operations between January and March this year, 54 out of the canceled flights, Arik Air…
Fears as aggrieved workers threaten to shut down Arik Air today, Thursday
For not heeding to its understanding of reinstating sacked workers after given period, the labour unions in the aviation sector have threatened to shut down the operations of Arik Air today, Thursday. The consortium of unions includes the National Union of…
NLC warns as AMCON mulls sack of 1,500 workers at Arik over revenue lull
Relying on credible indications, the leadership of the Nigerian Labour Congress (NLC) has ambushed the new management of Arik Air, the Asset Management Corporation of Nigeria (AMCON) not to think near any plan to sack workers it met on ground…
