Arik Airlines Loses Authority To FG

The Federal Government today took over Arik Airlines and announced the appointment of a new management in a bid to save the country’s aviation industry from total collapse.

Under the new arrangement, Roy Ilegbodu, a veteran aviation expert, has been named to take over the management of the airline under the receivership of Oluseye Opasanya, a senior advocate of Nigeria.

AMCON spokesperson, Jude Nwauzor, said the government’s decision to intervene clearly underscores a commitment to instill sanity in the country’ aviation sector to prevent a major catastrophe in the country.

“The development will afford Arik Airlines, which is the largest local carrier in the country, to go back to regular and undisrupted operations, avoid job losses, protect investors and stakeholder funds as well as ensure safety and stability in the already challenged aviation sector,” Mr. Nwauzor said.