Arik Air to Challenge AMCON Takeover

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The management of Arik Air has said it will challenge the take-over of the airline by the Assets Management Company of Nigeria (AMCON), in court.

The Senior Vice President, Operations at Arik Air Capt. Ado Sanusi, said this at a news briefing with the newly appointed receiver Manager, Mr Oluseye Opasanya (SAN), and the airline’s technical consultant, Capt. Roy Ilegbodu.

Capt. Sanusi said the Arik management had been served with a valid court order empowering AMCON to take over the affairs of the airline to which it has complied so that Arik Air would continue to run without any disruption.

The Corporate Communications Department of the agency, revealed in a statement that the company has been immersed in heavy financial debt burden that was threatening to permanently ground the airline.

Furthermore, it revealed that: “The move, which clearly underscores government’s decision to instill sanity in the nation’s aviation sector has also prevented a major catastrophe that would among other factors protect, and preserve Arik Airlines as a going concern.

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