Tag "arik"

    Arik bounces back, gets fresh international certification

Arik bounces back, gets fresh international certification

Arik Air has become the latest African airline to be listed on the International Air Transport Association (IATA) ground operations manual (IGOM) registry.IGOM registry displays companies who were able to demonstrate full compliance with the IGOM procedures.The IGOM certificate was presented to Arik Air earlier in the month by Albakri Mohammad Ali, IATA's regional vice-president, Africa and Middle East, at [...]

0 comment Read Full Article
    No investor will put money in Arik now, says AMCON MD

No investor will put money in Arik now, says AMCON MD

Ahmed Kuru, managing director of the Asset Management Corporation of Nigeria (AMCON) says no investor will put money in Arik Air at this stage in its economic life.Speaking on investors interest in Arik, Kuru said the problems in Arik are too many and must be first stabilised and solved before any investor can come in."We are aware about some of [...]

0 comment Read Full Article
    New Arik CEO: We refund about N75m weekly from old tickets

New Arik CEO: We refund about N75m weekly from old tickets

Roy Ilegbodu, the new Chief Executive Officer of Arik Air,  says the new management of the airline refunds as much as N75 million per week in cancelled air tickets from the past administration. Speaking in Lagos on Tuesday, the CEO said despite the huge debt handed over by old management, Arik,under his leadership, has retaken its place as the number one [...]

5 comments Read Full Article
    BREAKDOWN: Arik ‘owed’ N387bn before FG took over

BREAKDOWN: Arik ‘owed’ N387bn before FG took over

The management of Arik Air under the leadership of Johnson Arumemi-Ikhide, its founder, owed about N387 billion both locally and internationally, before the federal government took over.According to a fresh deposition before the Federal High Court sitting in Ikoyi, Lagos, it was revealed that the airline was deducting contributory pension from its workers earnings but was not remitting the same [...]

5 comments Read Full Article
    German dies after collapsing at Lagos airport

German dies after collapsing at Lagos airport

Brenard Christo, a German national, who on Friday slumped at the general aviation terminal of Murtala Mohammed Airport, Lagos, has died at an undisclosed hospital.Joseph Alabi, spokesman for the Lagos airport police command, confirmed the development to NAN on Saturday.Alabi said the deceased was waiting to board a local Arik Air flight on Friday morning when he suddenly collapsed.He said [...]

0 comment Read Full Article
    Arik CEO promises safety, says takeover is a real blessing

Arik CEO promises safety, says takeover is a real blessing

Roy Ilegbodu, the chief executive officer of Arik Air, says the takeover of the airline facilitated by the Asset Management Corporation of Nigeria (AMCON) is a real blessing.“Irrespective of the enemies of the government and their resolve to transform the carrier, the management of Arik (under Receivership) is not distracted," Arik said via a statement on Friday."Arik will continue to maintain [...]

1 comment Read Full Article
    Protests are illegal here, Arik tells unions

Protests are illegal here, Arik tells unions

The new management of Arik Air has told labour unions that protests are illegal, considering the situation at hand, which is aimed at reviving the challenged airline.In a statement by Arik, the airline said "it has come to the attention of the Arik Management, (under Receivership), that the Lagos State branch of National Union of Air Transport Employees (NUATE),  Air [...]

0 comment Read Full Article
    Banks are now supporting Arik, says AMCON

Banks are now supporting Arik, says AMCON

The Asset Management Corporation of Nigeria (AMCON) says banks which hitherto turned their backs on Arik were now supporting the new management.In a statement signed by Jude Nwauzor, its spokesman, the corporation said public confidence is gradually returning to the airline which is Nigeria’s largest domestic carrier.On February 9, AMCON took over Arik owing to its debt profile said to [...]

1 comment Read Full Article
    New management of Arik hires KPMG to audit airline’s financial status

New management of Arik hires KPMG to audit airline’s financial status

The new management of Arik Air has appointed KPMG, one of the big four audit firms in the world, to undertake a forensic and diagnostic audit to ascertain the true status of its finances.The audit will among other objectives cover "the position of assets and liabilities, and their utilisation; recording and utilisation of loans, propriety of third party transactions; fraud [...]

1 comment Read Full Article
    Finally, AMCON takes over Arik Airlines

Finally, AMCON takes over Arik Airlines

The federal government has come to the aid of Arik Airline which has been experiencing difficulties in recent times.According to the Asset Management Corporation of Nigeria (AMCON), the decision to intervene “clearly underscores the government’s commitment to instill sanity in the country’s aviation sector to prevent a major catastrophe”.The airline will now be managed by Roy Ukpebo Ilegbodu, an aviation [...]

1 comment Read Full Article
    Aggrieved passengers disrupt operations at Arik headquarters

Aggrieved passengers disrupt operations at Arik headquarters

Some aggrieved passengers of Arik Air on Wednesday afternoon disrupted operations at the corporate headquarters of Arik Air within the Murtala Muhammed Airport, Lagos.At least 20 passengers besieged the office to demand a refund of their fares following the cancellation of flights.They were prevented from gaining access into the airline premises, as the main gate was barricaded by security operatives [...]

0 comment Read Full Article
    FG must rescue debt-laden Arik Air from the ‘verge of collapse’

FG must rescue debt-laden Arik Air from the ‘verge of collapse’

Arik Air, the largest indigenous airline in western Africa, is struggling with heavy debt burden, and remains on the verge of collapse, TheCable has learnt.Sources in the know of the company's operations and finances, who spoke to TheCable, said heavy debt burden, bad corporate governance, erratic operational challenges, may dog the continued survival of the airline."The myriad of issues confronting [...]

0 comment Read Full Article
    Arik fails to pay compensation to passengers for baggage delay

Arik fails to pay compensation to passengers for baggage delay

The Nigerian Civil Aviation Authority (NCAA) says Arik Air has not compensated its passengers whose bags were delayed on the London-Lagos route in December.According to Sam Adurogboye, spokesman of NCAA, Arik has also not paid the N6 million fine imposed on the airline for contravening the provisions of the Nigerian Civil Aviation Regulations (Nig.CARs).The NCAA had on December 27 ordered [...]

0 comment Read Full Article
    Arik seeks FG’s intervention in its row with labour

Arik seeks FG’s intervention in its row with labour

Arik Air has expressed dismay over the disruption of its operations by unions in the aviation sector, accusing them of using “strong-arm” tactics.Ola Adebanji, the airline's communications manager, said this in a statement.Adebanji appealed to government agencies and stakeholders in the aviation industry to prevail on unions which disrupted its operations to back down.The National Union of Air Transport Employees [...]

0 comment Read Full Article
    Unions ground Arik’s operations over 7-month indebtedness to workers

Unions ground Arik’s operations over 7-month indebtedness to workers

The United Labour Congress (ULC) and the Nigeria Pilots and Engineers union on Tuesday shut the offices of Arik Airlines, due to its inability to pay workers for seven months.The airline has been having challenges with its operations as a result of scarcity of aviation fuel.Tokunbo Korodo, acting chairman of ULC, told NAN that the union could no longer tolerate [...]

1 comment Read Full Article
    Stowaway found dead on Arik’s Lagos-Johannesburg flight

Stowaway found dead on Arik’s Lagos-Johannesburg flight

The lifeless body of a stowaway was found in the main wheel well of one of Arik Air’s A330-200 aircraft at the Oliver Tambo International Airport, Johannesburg, South Africa, on Wednesday.Ola Adebanji, communications manager of the airline, disclosed this in a statement.According to the airline, the aircraft operated the scheduled Lagos-Johannesburg flight that departed the Murtala Muhammed International Airport at [...]

1 comment Read Full Article
Advertisement
Advertisement
Advertisement

Advertisement

Exchange Rates

November 06, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement