top of page
Search
  • Chidozie Uzoezie

Nigeria Considers Merging Arik and Aero to Form New Flag Carrier


There are indications that the Federal Government of Nigeria is considering merging and converting assets of Arik Air and Aero Contractors in the process of creating a new national airline.

According to sources who spoke to Vanguard, the option is due to the indebtedness of the two airlines. The two airlines have allegedly been unable to improve on their debt profile while still struggling to break even despite government’s intervention since their takeover by the Assets Management Corporation of Nigeria (AMCON).

The conversion plan, though already faulted by some stakeholders, will further reduce private domestic operations to six airlines, with the attendant debt burden and legal issues for the prospective national carrier, vanguard reports.

Stakeholders who are against the option of the merger have argued that it is a bad idea and urged the government to start a new national airline from the scratch, to avoid political interference and legal tussles.

Fully owned by the Federal Government, the defunct Nigeria Airways was the country’s flag carrier but was liquidated over mismanagement, corruption and over-staffing, with debt of about $78 million.

While its asset was bought over by Arik Air in 2007, no fewer than 6000 workers were still being owed severance packages to the tune of N78 billion.

Floating a new choice flag carrier has been on the front burner of discourses by the current administration. Two weeks ago, it appointed advisers to help set it up and develop its aviation infrastructure.

Top sources in the Ministry of Aviation told The Guardian at the weekend that “all options, including the rumour surrounding Arik Air, Aero, are all on the table to choose from.

A4-print-explore the world with ethiopian-R-1022-compressed.jpg
SAT2.jpg
unnamed.jpg
SAA2.jpg
450 x 450.png
300x300px.jpg

 Featured Posts 

Comments (25)

Invité
21 sept. 2022

We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!

Like

Invité
30 sept. 2022

Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.

Like

kasarokcaesar
24 oct. 2022

Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.

Like

Invité
10 nov. 2022

Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..

Like

Invité
18 nov. 2022

Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.

Like

Invité
04 déc. 2022

Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue


Like

Invité
15 déc. 2022

WoW. Amazing Review. 👍

Like

Invité
07 janv. 2023

I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here

Like
Invité
07 août 2023
En réponse à

Where is here.

Like

Invité
27 janv. 2023

Thank you for sharing such a detailed review about ethiopian airlines in your post. I am an avid traveller and keep reading flight reviews to assess the options available. Your review particularly drew my attention because you have shared so many pictures to capture every aspect of the flight experience. It is a very nice effort.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html

Like

Invité
27 févr. 2023

I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html


Like
WAF  300 x 300.png
EAA24-web-banner-300x300.jpg

 Latest 

Join Our Subscribers

Thanks for subscribing!