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FG to Merge Arik, Aero as National Carrier - Reports

Posted: 16 May, 2017 at 06:41 am
FG to Merge Arik, Aero as National Carrier - Reports
FG To Merge Arik, Aero As National Carrier - Reports Photo 1

There are strong rumours that Nigeria could be having a national carrier in the shortest possible time as the Federal Government completely takes over two airline companies.

A likely merger and conversion of assets of Arik Air and Aero Contractors is one of the options being considered by the Federal Government (FG) in the buildup to a new national carrier for the country.

The option, according to sources, is due to the alleged debt burden of the airlines. Besides, despite government's recent intervention since their takeover by the Assets Management Corporation of Nigeria (AMCON), the airlines are not promising in terms of operations and debt payment.

This report on Guardian newspaper is still developing.

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