Nigeria: Govt, AMCON Undecided Over Arik, Aero Contractors Airlines

29 August 2018

The Federal Government is at the crossroads in deciding what to do with the duo of Arik Air, and Aero Contractors that are currently being managed by the Asset Management Corporation of Nigeria (AMCON).

Recall that AMCON took over Aero Contractors in February 2016, and a year later, also acquired the management and control of Arik Air over alleged gross mismanagement and huge debt burden in excess of N387billion.

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