Nigeria's Arik Air Vows to Challenge Govt Bailout
The management of Arik Air has said it will challenge the company's takeover by the Assets Management Company of Nigeria who has claimed that the move is to ensure regular and undisrupted operations and to protect jobs and investor interests.
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Nigeria:
Govt Takes Over Distressed Arik Airline, Gives Lifeline
Premium Times, 9 February 2017
The Federal Government on Thursday announced a lifeline to financially distressed Arik Airlines to continue to keep it as a going concern in the aviation industry. Read more »
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Nigeria:
EFCC Officials Visit Arik Air
Premium Times, 9 February 2017
Operatives of the Economic and Financial Crimes Commission, EFCC, Wednesday, visited the head office of Nigeria's largest airline, Arik Air. Read more »
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Nigeria:
Govt Takes Over Distressed Arik Airlines, Appoints New Management
Premium Times, 9 February 2017
The Federal Government on Thursday took over Arik Airlines and announced the appointment of a new management in a bid to save the country's aviation industry from total collapse. Read more »
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Nigeria:
Govt Takes Over Arik Airline
Vanguard, 9 February 2017
The Federal Government has taken over the operations of troubled Arik Air to save it from total collapse. Read more »