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Arik Air Requires N10bn To Resume Full Operations – AMCON

Arik Air Requires N10bn To Resume Full Operations – AMCON
The Asset Management Corporation of Nigeria (AMCON) said on Sunday that it has discovered the rooted rot at embattled airline, Arik Air.

The asset company who made the disclosure in a statement signed by its Spokesman, Mr Jude Nwauzor in Lagos diaclosed that it would require over N10 billion to fix the rot before the largest local carrier could resume full and uninterrupted flight operations to its regular routes across the country and beyond

Recall that airline was on Feb. 9 taken over by the Federal Government as a result of a whooping debt profile of over N300 billion now managed by Capt. Roy Ilegbodu, a veretan aviation expert, under the receivership of Mr Oluseye Opasanya (SAN).

The statement noted that the situation was so bad that only nine aircraft out of the 30 in the fleet of the airlines were operational.

“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 sale 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 said.

“All these problems in addition to huge staff salaries, which have remained unpaid for 11 months; vendors that supply different items to Arik Air that are also owed means 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,'' It said.

According to the statement, Ilegbodu reassured Nigerians that these issues would be gradually resolved to enable Arik Air, which carries about 55 per cent of the load in the country recover the 21 aircraft.

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300billion dept wow very soon they will start serving coconut and purewater in business class please bear with them - yayahdrs8@gmail.com
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