Jude Nwauzor, Head, Corporate Communications , AMCON Asset Management Corporation of Nigeria (AMCON) has said it will not return Arik Air and Aero Contractors to their original owners until the airlines clear their indebtedness to the corporation. Recall that the government recovery agency had on February 8, 2017, announced its takeover of Arik Air following a court order, ...
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In furtherance of the statutory responsibility of acquiring Eligible Bank Assets and putting them to economic use in a profitable manner, the Asset Management Company of Nigeria (AMCON) said it has dissolved the Board of Aero Contractors and appointed a Manager over the affairs of the airline. AMCON said it is now both the majority shareholder and ...
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Aero contractors management said on Monday it has reported the activities of two main aviation unions, Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and National Union of Air transport Employees (NUATE), to the Labour and Productivity Ministry, the Aviation ministry, Nigerian Civil Aviation Authority (NCAA) and State Security Service (SSS), over what it called ‘unwholesome practice ...
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