FG takes over Troubled Arik Air

 

The Federal Government has taken over the management of Arik Air.

Asset Management Corporation of Nigeria (AMCON), which obtained a court order to take over the airline, said Arik will now be managed by Captain Roy Ukpebo Ilegbodu, an aviation expert, under the receivership of Mr. Oluseye Opasanya (SAN).

A statement by the Asset Management Corporation of Nigeria (AMCON), which obtained a court order to take over the airline, will now be managed by Captain Roy Ukpebo Ilegbodu, an aviation expert, under the receivership of Mr. Oluseye Opasanya (SAN). According to government  the Airline is Too Important to fail. The airline has been weighed down by heavy debt burden.






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