AMCON dissociates self from Arik Air ‘rebranding’, says only sought licence for independent entity of assets

AMCON MD/CEO, Mr Ahmed Lawan Kuru

 

 

Posted by Sade Williams 

 

The Asset Management Corporation of Nigeria (AMCON), has said that the rebranding of Arik Air is not one its plans for all its aviation assets, saying such was mere speculations by some people.

In a statement signed by Jude Nwauzor, AMCON spokesperson,  the Corporation is seeking licence for an independent entity where all of its aviation assets would be transferred and efficiently managed in a synergetic manner, adding that ‘the proposed new entity therefore has nothing to do with the rebranding any of the airlines within its portfolio as being speculated in several online publications’.

“Following its mandate especially as it relates to the aviation sector of the Nigerian economy, it is public knowledge that the Asset Management Corporation of Nigeria (AMCON) had approached the aviation authorities in the country seeking a licence for an independent entity where all of its aviation assets would be transferred and efficiently managed in a synergetic manner.

“AMCON currently has more than five airlines in its aviation partfolio among other assets that are scattered all over. The proposed new entity therefore has nothing to do with the rebranding any of the airlines within its portfolio as being speculated in several online publications.

“The objective of AMCON’s intervention in the aviation sector is targeted at supporting the sector, given its importance, save thousands of jobs, make the aviation sector a catalyst for the growth of the Nigerian economy and recover the huge debt owed the Corporation by these aviation entities” , it stated.

The reaction is coming after it was reported that Arik Air livery is being changed and rebranded to Nigerian Eagle by its new owner, AMCON.

 

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