Arik Air To Go To Court Over Takeover

 
The Senior Vice President, Operations at Arik Air, Capt. Ado Sanusi, said this at a news briefing with the newly appointed receiver Manager, Mr Oluseye Opasanya (SAN), and the airline’s technical consultant, Capt. Roy Ilegbodu.

Capt. Sanusi said the Arik management had been served with a valid court order empowering AMCON to take over the affairs of the airline to which it has complied so that Arik Air would continue to run without any disruption.

The Corporate Communications Department of the agency, revealed in a statement that the company has been immersed in heavy financial debt burden that was threatening to permanently ground the airline.

Furthermore, it revealed that: “The move, which clearly underscores government’s decision to instill sanity in the nation’s aviation sector has also prevented a major catastrophe that would among other factors protect, and preserve Arik Airlines as a going concern.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s