Why AMCON Took Over Arik Airlines

Top officials of Arik Airlines and the Asset Man­agement Company of Nigerian (AMCON) have explained why they took over the embattled company.
The new Chief Execu­tive Officer of Arik Air­line, Capt Roy Ilegbodu, on Wednesday revealed why Arik Airline was also stopped from op­erating in the United Kingdom airspace.
He said the airline was stopped because the airline owned UK government the sum of 300,000-pound sterling.

Ilegbodu, who re­vealed this during a public hearing organ­ised by the House Com­mittee on Aviation, lamented the poor con­dition of the airline, as it is unable to pay salaries of staff.
He said, “The airline is badly managed. If ef­ficiently managed at this period of time, the com­pany will be revived.”
Explaining why AM­CON took over the airline, the Managing Director,
Ahmed Kuru, said that poor condition of the airline warranted such action, adding that AMCON will provide all the necessary sup­port to ensure the air­line exists.
Explaining the chal­lenges in the sector, The Managing Director said that about N8 million is needed every month to maintain the airlines while N1.9 million is paid only for fuelling.