AMCON TO FLOAT INTERNATIONAL AIRLINE WITH ARIK, AERO PLANES

Written by on January 18, 2021

THE ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON) HAS REACHED AN ADVANCED STAGE TOWARDS LAUNCHING A MULTIBILLION NAIRA AIRLINE BY POOLING TOGETHER ITS AVIATION ASSETS ESPECIALLY PLANES IN DEBT-RIDDEN ARIK AIR AND AERO CONTACTORS AIRLINES.

THE NEW INTERNATIONAL AIRLINE, TO BE NAMED NIGERIA EAGLE, MAY TAKE TO THE SKY WITH AT LEAST 10 PLANES AS EARLY AS JUNE, ACCORDING TO INSIDERS WHO SPOKE ON CONDITION OF ANONYMITY BECAUSE THEY WERE NOT AUTHORISED TO SPEAK ON THE MATTER.

WHEN CONTACTED, THE SPOKESPERSON FOR AMCON, JUDE NWAUZOR, CONFIRMED TO OUR CORRESPONDENT THAT THE CORPORATION WAS FLOATING AN AIRLINE.

HE DECLINED TO GIVE FURTHER DETAILS, ADDING THAT THE CARRIER WOULD ISSUE A STATEMENT ON THE MATTER VERY SOON.

QUEST NEWS GATHERED THAT AMCON, A FEDERAL GOVERNMENT-OWNED BAD DEBT MANAGER WHICH OWNS CONTROLLING STAKES IN BOTH ARIK AND AERO, CHOSE TO ESTABLISH THE NEW AIRLINE AS A CLEVER MEANS OF WRIGGLING OUT OF THE MULTIBILLION NAIRA LIABILITIES CURRENTLY HANGING ON THE TWO CARRIERS.

THE DEBTS ARE BELIEVED TO BE HINDERING NEW BUYERS FROM SHOWING INTEREST IN THE TWO CARRIERS WHICH AMCON HAS BEEN WILLING TO SELL TO NEW INVESTORS.


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