Aviation articles

Why Nigerian airlines are failing – Operators

Why Nigerian airlines are failing – Operators

The Airline Operators of Nigeria, AON, on Sunday attributed the poor ‎performance of domestic airlines to multiple taxation by various agencies in the aviation sector. Nogie Meggisson, Chairman, AON, made the claim in Lagos while reacting to the takeover of Arik Air and Aero Contractors by the Asset Management Company of Nigeria, AMCON. AMCON took

AMCON says Arik Air owing ‘more than N300bn’

The Asset Management Corporation of Nigeria (AMCON) says Arik Airline’s debt is more than N300bn and that a large part of it is taxpayers’ funds. The corporation announced its takeover of the management of the airline, which is Nigeria’s largest carrier, in a statement on Thursday. According to AMCON, the airline will now be managed

Hundreds escape unhurt as tyre of Doha-bound plane burst at Lagos airport

Hundreds of passengers on Thursday escaped death when one of the tyres of a Doha-bound Qatar Airways aircraft burst while it was attempting to take-off at the Murtala Muhammed International Airport, Lagos. According to NAN, the incident occurred around 3pm. One of the passengers, who spoke to reporters, said the pilot was already cleared for

Arik Air vows to challenge Nigerian govt. takeover

The management of Arik Air on Thursday said it would challenge the taking over of the airline by the Assets Management Company of Nigeria (AMCON) in court. Ado Sanusi, Senior Vice President, Arik Air made the disclosure at a joint news conference with the newly appointed receiver manager, Oluseye Opasanya, and the airline’s technical consultant,

Finally, FG takes over Arik Airlines

The Federal Government has come to the aid of Arik Airline, which has been experiencing difficulties in recent times. According to the Asset Management Corporation of Nigeria (AMCON), the decision to intervene “clearly underscores the government’s commitment to instill sanity in the country’s aviation sector to prevent a major catastrophe”. The airline will now be

EFCC officials visit Arik Air

Operatives of the Economic and Financial Crimes Commission, EFCC, Wednesday, visited the head office of Nigeria’s largest airline, Arik Air. PREMIUM TIMES gathered that the operatives held a brief meeting with the Chairman of the airline, Joseph Arumemi-Ikhide. It is unclear what the visit was all about. When contacted Thursday morning, Arik Air’s spokesperson, Ola

Aviation Minister inaugurates security sub-committee on Abuja airport closure

The Federal government has inaugurated the Security Sub – Committee on the Nnamdi Azikiwe International Airport, Abuja on Thursday. The Minister of State, Aviation Sen. Hadi Sirika said the functions of the sub-committee is to provide security at the Abuja and Kaduna Airports, including Road, Air and Rail Transportation; monitor traffic movements from Abuja to

Engineering Council endorses closure of Abuja airport for repairs

The Council for the Regulation of Engineering in Nigeria (COREN) has given their support to the plan by the Federal Government to shut down the Nnamdi Azikiwe International Airport, Abuja for six weeks. COREN President, Kashim Abdul Ali who led a delegation Wednesday on a visit to the Minister of State Aviation, Hadi Sirika at

Foreign airline operators kick against proposed shutdown of Abuja airport

Representatives of foreign airline operators say the Kaduna airport is not an option to them during the period the Nnamdi Azikiwe International Airport, Abuja will be under repairs. On December 19, Hadi Sirika, minister of state for aviation, said the Abuja airport would be closed for six weeks between February and March 2017 to enable

Niger says Minna airport the ‘wise’ option during repair of Abuja airport

The Niger state government has advised the federal government to make use of the Minna International Airport during the closure of the Nnamdi Azikiwe International Airport, Abuja. Hadi Sirika, minister of state for aviation, has already announced the choice of Kaduna international airport as alternative. But Jonathan Vatsa, Niger commissioner for information, said Minna airport

Closure of Abuja airport: We’ll rather lose billions of dollars than risk lives, says FG

The federal government says it prefers to lose billions of dollars in revenue than to risk lives. Hadi Sirika, minister of state for aviation, said this on Monday, disclosing that Thursday had been slated for engaging stakeholders in the industry on issues arising from the proposed closure of the Nnamdi Azikiwe International Airport, Abuja. Sirika

FG to shut down Abuja airport

The Minister of State for Aviation, Hadi Sirika, says the Nnamdi Azikiwe International Airport, Abuja, will be closed for six weeks in February and March 2017 for total repairs on the runway. Mr. Sirika told journalists in Abuja on Monday that the closure will allow Julius Berger carry out total re-construction on the badly damaged

Airlines receive special forex intervention from CBN

The Central Bank of Nigeria (CBN) has intervened to rescue the aviation and other select sectors of the economy from the scarcity of foreign exchange which has crippled their operations. A Special Secondary Market Intervention Retail Sales (SMIS) has been approved for airlines operating in the country. This important one-off exercise is dedicated to the

UPDATE: Arik to resume operations noon Wednesday

Arik Air, one of Nigeria’s leading airlines forced on Tuesday by growing economic difficulties to suspend operations, will resume flight activities on Wednesday afternoon, a top management source has told Nigerian Times. The source said management has ruled out morning flights for financial reasons. He said this was to enable banks open and allow the

BREAKING: Arik shuts down operations

Arik Airlines, a leading airline in the country has grounded operations for 24 hours beginning from today. A senior management staff told Nigerian Times off record that the biting economic situation in the country particularly the spiraling cost of aviation fuel, has necessitated the move. He could not immediately confirm if the move would be

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