Nigeria: Experts Warn Against Sale of Aero, Arik to Foreign Airlines

Aviation industry experts have cautioned against alleged plan by the federal government through Asset Management Corporation of Nigeria (AMCON) to sell Aero Contractors and Arik Air to foreign airlines.

Informed sources at the Ministry of Transportation had hinted that the government approached Ethiopia Airlines and Turkish Airlines to buy Arik but they declined. Also last week the Minister of Finance, Mrs. Kemi Adeosun confirmed that investors were making enquiries about acquiring the two airlines.

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