Aviation: Has AMCON become Nigerian aviation’s knight in shining armour?

Arik engine goes to aero AMCON Airlines

Has AMCON become Nigerian aviation’s knight in shining armour? By FEMI OYEDIRAN The Asset Management Corporation of Nigeria (AMCON) recently took over control of Arik Air, Nigeria’s leading airline in order, we are told, to protect their anxious creditors, prevent a catastrophic shutdown of services to the public and preserve the jobs of their long-suffering employees. Arik, has debts of […]

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Inspite of bad economy, Nigeria spend $4bn on Travels

Revenues from ticket sales by foreign airlines, salary emoluments from expatriate pilots and engineers, and cost of aircraft maintenance overseas have risen to over $4 billion annually, THISDAY checks have revealed. The National Association of Nigerian Travel Agencies (NANTA) disclosed that as much as $2.3 billion was generated by Nigerian travel agents in 2014 from ticket sales for foreign airlines […]

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