A likely merger and conversion of assets of Arik Air and Aero Contractors is one of the options being considered by the Federal Government (FG) in the buildup to a new national carrier for the country.
The option, according to sources, is due to the alleged debt burden of the airlines. Besides, despite government’s recent intervention since their takeover by the Assets Management Corporation of Nigeria (AMCON), the airlines are not promising in terms of operations and debt payment. Details later…
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