Business A.M
No Result
View All Result
Saturday, March 7, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Agency

Nigerians commend AMCON on intervention in Arik, Aero

by Admin
October 25, 2017
in Agency

Airline passengers in Nigeria have commended the Asset Management Corporation of Nigeria (AMCON) on its intervention in two of Nigeria’s failing carriers, Arik Air and Aero.

They specifically praised the on-time-performance (OTP) of Arik since the intervention.

AMCON took over the management of the airline in February 2017 following a huge debt profile to AMCON and other creditors around the globe, a development in the aviation industry that saved the collapse of yet another airline as well as thousands of jobs in the country.

A good number of passengers who spoke at the Arik terminal at the Lagos local airport wing, Ikeja said it was refreshing to see that all the delays and flight cancellations, which Arik was known for before AMCON came have all regularized to the extent that Arik is now the number one when it comes to keeping to flight time schedules.

One of the passengers said, “Whatever magic that AMCON did at the place is commendable. Initially, when AMCON intervened, some of us were skeptical but the truth must be told, they (AMCON) have done really well with their involvement in Arik because things have really improved.”

He also singled out Aero Contractors for mentioning in commending AMCON, saying 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 this two critical airlines would have become history like many others before them,” he noted.

Aero Contractors airlines, like Arik is also under the receivership of AMCON and has made history by conducting the first C-check on a Boeing B373. It also recently extended its maintenance hangar so that it could effectively take in a Boeing 737 aircraft and it is partnering with A J Walters of the 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.

Admin
Admin
Previous Post

Airlines to start asking passengers security questions before boarding U.S-bound flights

Next Post

Foreign banks paid £17.3bn in UK tax last year

Next Post

Foreign banks paid £17.3bn in UK tax last year

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria’s credit gap faces new challenger as CBN licenses Apices Finance Company

30 banks clear new capital hurdle under CBN recapitalisation drive

March 7, 2026
Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

March 7, 2026
Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026
inDrive retains top download ranking amid expansion into African mobility markets

inDrive rolls out Ramadan Shukran driver appreciation campaign in Abuja

March 6, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria’s credit gap faces new challenger as CBN licenses Apices Finance Company

30 banks clear new capital hurdle under CBN recapitalisation drive

March 7, 2026
Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

March 7, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M