Skip to main content

Nigerian Federal Government Ordered Us To Take Over Arik Air To Prevent Collapse – AMCON

The Asset Management Corporation of Nigeria (AMCON) has revealed that the Federal Government ordered it to take over the troubled Nigerian carrier Arik Air to save it from total collapse.
AMCON said that as at the time it was taking over the airline in February this year, the carrier was already enmeshed with a major crisis that would have led to a loss of thousands of jobs.

The spokesman of AMCON, Mr. Jude Nwauzor stated today that the airline like Aero Contractors, which it took over about five years ago experienced huge challenges arising from all manners of business irregularities and series of operational encumbrances bordering on flights delays, cancellations, bad corporate governance, accumulating staff salaries, among other ills.

He, however, said that eight months after the takeover of the airline, its operations had changed for good.

He said: “Interestingly, Arik Air flights now depart on schedule without delay. For instance, flights scheduled for say 10:00 a.m calls for boarding at 9:27 or 9.28 and completed boarding at about 9:50. The flights will then take off at about 10:05 a.m., which is quite remarkable, judging by the behavior of the airline before the arrival of AMCON.

“Aside from that AMCON has also done excellently well with its involvement in Aero Contractors and one can only comment the management of AMCON for all these achievements."

“It means that there is hope for aviation in the country. I think other operators should understudy whatever model AMCON used to revive the two very important airlines because without them these two critical airlines would have become history like many others before them.”

It would be recalled that following an alleged huge debt profile of Arik to AMCON and other creditors around the globe, the corporation took over the management of the airline in February, a development in the aviation industry that saved the collapse of yet another airline as well as thousands of jobs in the country.

According to Nwauzor, a good number of passengers of the two airlines have been commending the operations of the carriers, stressing that delays and flight cancellations, which Arik was known for before AMCON came on board had been regularised.

Nwauzor added that with the efficient management of Aero Contractors, the operations of the airline had received a boost in recent time with the approval of Maintenance Repair and Overhaul (MRO) facilities for the airline by the Nigerian Civil Aviation Authority (NCAA), which can now certify Boeing 737 classics aircraft.

He added: “Aero recently extended its maintenance hangar so that it could effectively take in a Boeing 737 aircraft and it is partnering with AJ Walters of United Kingdom for tooling and spares, the South Africa Airways Technical and other international maintenance organisations to ensure that its aircraft maintenance facility is in line with global standards."

For years the airline has been conducting maintenance on helicopters and Bombardier Dash 8 aircraft up to D and C check respectively.

“The airline also hopes to secure European Aviation Safety Agency (EASA) and the US Federal Aviation Administration (FAA) certification before the middle of next year. The implication of this is that other airlines in Nigeria would save a lot of money by making use of Aero facilities for their C-checks instead of doing so abroad.”

Comments

Popular posts from this blog

Nigerian Military hands over 23 rescued children to UNICEF through Borno State

The Nigerian military has handed over 23 children who were formerly associated with Boko Haram insurgents, to UNICEF through the Borno State government.  The children were picked up during various military operations around the north-east region. Aged between 17 and 10 years, the boys and girls confessed to the military that they have been assisting the Boko Haram insurgents either as fighters or domestic helps in the camps. The Theatre Commander of a military counterinsurgency force, Abba Dikko, said the 23 children were released in line with Nigeria military’s commitment to the observance of human rights. He observed that the children and other vulnerable persons were victims who faced with the highly unstable circumstances induced by the conflict would have had little option but to fall under the thrall of the insurgents.  “We were able to identify this category of people, especially the women, the aged and children to whom it behooves our sense of duty and res...

FRSC reinforces directive on use of google maps while driving

The Federal Road Safety Corps (FRSC) has clarified its position on the use of Google Maps, The FCT Sector Commander of the Federal Road Safety Corps (FRSC), Ayuba Gora was quoted saying that driving with the aid of Google map using mobile phones is a serious traffic offence. Gora said this at the inauguration of the 2019 Ember Months Campaign by Lugbe Unit Command of the FRSC in Abuja yesterday. But, FRSC Spokesman Bisi Kazeem making reference to Gora’s comments said the Sector Commander was quoted out of context and his statement outrightly misrepresented. Kazeem said the FRSC as a technology-driven organisation is not and has never stood against the use of Google Maps by Motorists. The statement read: “To state the obvious, we have always enlightened the public on the position of the law on the use of phone while driving. “The statement he made during the flag off buttresses the position of the Corps, which is that any driver who intends to deploy the use of Google Map...

Hurricane Hits Texas, One Person Reported Dead

Hurricane Harvey hit Texas as a Category 4 storm on Friday, battering the coast with 130-mph winds and torrential rain. It was the strongest hurricane to hit the United States in more than a decade leaving a massive destruction, loss of electricity, wrecked buildings and has so far killed at least one person. Scroll down to see more pictures of the incident: