Tag Archives: AMCON

How we stabilised Arik, Aero’s operations—AMCON boss

    …says corporation ‘ll exit sector at the right time   By Sade Williams   Mr. Ahmed Kuru, Managing Director/Chief Executive Officer, Asset Management Corporation Of Nigeria (AMCON), has given insights into how government  helped in stabilizing operations at Nigeria’s foremost airlines, Arik Air and Aero airline, over one year ago when they were at the verge of folding ...

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We will return Arik, Aero to original owners at the right time – AMCON

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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Arik Air migrates to Hitit’s full Crane solution suite

        By Sade Williams   Arik Air, one of Africa’s leading carrier, has completed the migration of passenger service solution to Hitit’s Crane Solution Suite.   The airline becomes the eighth African airline to sign to the Crane Solution Suite.   Hitit CS actively supports airlines‘ operations in Nigeria, Tanzania, Tunisia and Namibia having prioritized Africa as ...

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Aero crisis: AMCON dissolves airline’s Board, appoints firm to conduct forensic audit of airline’s account for five yrs

    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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