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EXCLUSIVE: NG Eagle Airline Faces Uphill Battle To Renew Air Operator's Certificate Within 3 Months Of Operation As Managing Director, Chief Pilot Resign

NG Eagle, the controversial start-up airline created by the Receiver Manager of the Asset Management Corporation of Nigeria (AMCON) to start his own airline from the assets of Arik Air may have run into another bad weather, SaharaReporters has learnt. ....

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N146bn loss: Senators seek dissolution of AMCON

Senators on Wednesday expressed strong disaffection over the performance of the management of the Assets Management Company of Nigeria (AMCON) . The ....

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EXCLUSIVE: Nigerian Assets Corporation, AMCON Under Alhaji Kuru Flouts Aviation Regulation, Court Order; Plans To Start New Airline December 1 With 'Wet Leased Aircraft'

There is controversy surrounding the taking off of NG Eagle, an airline reportedly set up by the Asset Management Corporation of Nigeria (AMCON), SaharaReporters has gathered. SaharaReporters learnt that the airline had wet leased two Airbus aircrafts to start commercial operations on December 1, 2023. This is however against the Nigerian aviation regulations which states that a commercial airline cannot start up with wet leased aircrafts but with Nigerian registered (5N) aircraft. ....

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$40Million Import Duty: Nigeria Customs Investigate Arik Air In Receivership for Illicit Sale of Aircraft

$40Million Import Duty: Nigeria Customs Investigate Arik Air In Receivership for Illicit Sale of Aircraft Nigeria Customs Service has commenced an investigation into the diversion of import duties to the tune of $40 million by the management of Arik Air in Receivership. There are indications that Arik in Receivership abused the duty waivers conceded to airlines by the Federal Government via Nigeria Customs Services which is limited to the importation of aircraft and spares by domestic airline operators. ....

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How Nigerian Assets Corporation, AMCON Mismanaged Arik Air, Depleted Spare Parts Inventory From $150million To Less Than $15million – Stakeholders

The shareholders of Arik Air Limited have slammed the Managing Director of the Assets Management Corporation of Nigeria (AMCON), Alhaji Ahmed Kuru, for allegedly using misinformation and deliberate fabrication of falsehood to run the company aground. The shareholders said the Arik Air under AMCON’s receivership operated only two aircrafts and the Arik Hangar in Lagos was a static display of 14 abandoned new generation aircraft while the rest had “either been cut to pieces, sold, and shipped out of the country.” ....

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