AMCON vows to recover N227 billion debt from Arik Air amid liquidation plans
The Asset Management Corporation of Nigeria (AMCON) has reaffirmed its commitment to recovering the N227 billion debt owed by Arik ...
Tag: Arik air
News and analysis about Arik air
Court rules Canadian financier can repossess Arik Air aircraft under Cape Town Convention
Nigeria’s Federal High Court in Lagos has ruled that Export Development Canada (EDC), a Canadian financier, can repossess an aircraft ...
Arik Air resumes flight operations after resolving $2.5 million debt dispute with Atlas Petroleum
Arik Air resumed flight operations on Thursday after successfully resolving a $2.5 million debt dispute with Atlas Petroleum, which had ...
Arik Air, Rockson, Ojema Farms owe us N400bn – AMCON
Asset Management Corporation of Nigeria (AMCON) has claimed that the three companies owned by the founder of Arik Air, Sir. ...
AMCON takeover leaves Arik Air and Aero Contractors worse off – Gabriel Olowo
As the controversies continue to trail the impact of Asset Management Corporation of Nigeria (AMCON) in the Nigerian aviation industry, ...
Arik Air shareholders debunks AMCON claim of N240bn
Shareholders of Arik Air have debunked the claim by AMCON) that it was indebted to lessors and financial institutions.
Arik Air ownership can be reclaimed upon settling debt – AMCON
The Assets Management Corporation of Nigeria (AMCON) has advised Arik Air’s Chairman, Johnson Arumemi-Ikide, to devise a plan for debt ...
Save Arik Air from dying – NAAPE appeals to AMCON
NAAPE has called on the Asset Management Corporation of Nigeria (AMCON) to continue to execute its interventionist strategy in Arik ...
$34m down payment with boeing can be used to beef up Arik Air operations – Union
The $34 million down payment with Boeing Manufacturing can be used to revitalize the operations of the struggling Arik Air, ...
Arik Air challenges AMCON’s high debt exposure claim, says value exceeded liabilities
Arik Air shareholders have disputed AMCON's claim of high debt exposure, stating it was less than 5% of the airline's ...
