Skip to main content

Arik requires N10bn to return to full operations

Arik Air, the largest Nigerian carrier taken over last week by the Federal Government would require N10bn to return to full and uninterrupted flight operations.

The Asset Management Corporation of Nigeria (AMCON) which took over the management of the airline on behalf of the government said it discovered "deep rooted rot" at Arik Airlines.
The new management in a statement on Sunday said "The situation is so bad that only nine aircrafts out of the 30 in the fleet of the airlines is operational. 21 of them have either been grounded, gone for C-check in Europe among other forms of challenges.
"As if these problems are not enough, the airline does not have money to procure aviation fuel for the nine operational aircrafts because no dealer wants to sell aviation fuel to Arik if it is not on cash-and-carry basis. This also calls for public understanding because flight schedules may be realigned based on the nine aircrafts that are available, technically sound and ready for flight operation".
It was also discovered that Arik also owes its technical partners and also in perpetual default in its lease payments and insurance premium, leading to regular and embarrassing squabbles with different business partners, which accounts for why 21 aircrafts is off the fleet for different reasons. 
All these problems in addition to huge staff salaries, which have remained unpaid for 11 months; vendors that supply different items to Arik Airlines that are also owed meant that Nigerians may have to tarry-a-while to allow the new management clean up the huge mess at the airline before Arik would finally resume uninterrupted flight.
The new Chief Executive Officer of Arik Airlines, Capt. Roy Ukpebo Ilegbodu, a veteran aviation expert under the receivership of Mr. Oluseye Opasanya, SAN however reassured Nigerians that these issues; though daunting, would be gradually resolved to enable Arik Airlines, which carries about 55% of the load in the country recover the 21 aircrafts. 
He maintained that the recent intervention was in the best interest of all stakeholders, the general public, workers, creditors and other aviation interest groups in the country.

 DailyTrust
Labels:

Comments

Post a Comment

Popular posts from this blog

Arsenal’s Wenger concerned by Chinese spending power

Arsene Wenger fears the huge wages being offered by big-spending Chinese clubs could cause problems when the Premier League teams look to negotiate new contracts with their star players.  Wenger is currently locked in talks with Arsenal duo Mesut Ozil and Alexis Sanchez as the pair reportedly seek parity with the best-paid players in the Premier League. The Arsenal manager is hoping for successful resolutions to those contract stand-offs, but he believes the money on offer in the China Super League may persuade the Premier League’s star names to ask for even bigger pay packets to stay in England. Chelsea striker Diego Costa has been linked with a move to China, with an offer of £600,000-per-week ($739,000) reportedly on the table for the Spain international. Two of his former Chelsea team-mates, Oscar and John Obi Mikel, have already moved to Super League outfits, while former Manchester United striker Carlos Tevez became the highest-earning player in the world when h...
Post a Comment
Read more

Hausa Tribe Accused Britain of disrespecting their Culture and Religion

The people of Hausa tribe react to BBC HAUSA Sexual behavior research done by   Claremont Graduate   University in California on facebook. According to the research, Bisexuals enjoys the pleasure of sex mother than anyone. Some Facebook users of the Hausa tribe accused Britain of disrespecting the culture and the religion of Hausa’s. One of the users,   Aminu adam tangar   wrote in hausa: I’m not surprised, the media organization belongs to Britain, but whatever is the case: they should learn to respect our culture and religion. (Translated) Hamza Danbatta   also wrote: This is totally against the hausa culture, if this media organization is really for Hausa listeners then you’re not trying at all, may God deliver you. (Translated)
Post a Comment
Read more

Record signing, Oscar lands in Shanghai to join SIPG

 Brazilian midfielder Oscar landed in Shanghai on Monday where the 25-year-old was set to smash the Asian transfer record with a reported 60 million euros ($63 million) deal with Shanghai SIPG. Dozens of supporters chanting club songs swarmed the former Chelsea player at the city’s Pudong airport. Oscar’s arrival in the Chinese Super League comes ahead of that of Argentina’s former Manchester United striker Carlos Tevez, who signed for Shanghai Shenhua in another big-money deal last week.  Tevez’s transfer fee was 10.5 million euros, according to the website transfermarkt.com, which tracks dealings in the sport, though the reported two-year contract of 38 million euros per season ($40 million) makes him the world’s highest salaried footballer. SIPG’s general manager on Monday dismissed concerns raised by state media of a market bubble in the super-rich Chinese league, arguing prices have to be higher to attract players away from big European leagues. “The leagu...
Post a Comment
Read more