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Home Business News

Why We Nationalised Arik Air – Government Explains

Nairametrics by Nairametrics
February 9, 2017
in Business News, Company News
Canadian company Warns EFCC To steer Clear of Arik’s CRJ 1000 aircraft

Arik Air Plane (Image credit: Nairametrics)

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Nairametrics| The Federal Government has provided an explanation for its nationalisation of Arik Air. The Government provided the following rationale for the takeover of the embattled airline operators.

Rationale for the Intervention:

  • To enable Arik return to regular, undisrupted operations
  • To avoid job losses
  • To protect investors and stakeholder funds
  • To rebuild the credibility of the Airline and its brand
  • To ensure sure safety and stability in Nigeria’s already-challenged aviation sector.

Here is more from its Medium Page

Tags: AMCON NewsArik airAviation News
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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