AMCON to sell Arik, Aero, others before 2023

Arik Air and Aero Contractors, among other assets, will be sold off before 2024, the Managing Director of Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has said. In a statement issued by Jude Nwauzor, AMCON’s Head of Corporate Communications, Kuru said it was anticipating an exit earlier, should owners of the airlines pay up […]

Aero Contractors’ maintenance facility may save Nigeria N9.2bn yearly

With the current functionality of its aircraft maintenance facility in the country, Aero Contractor Limited, one of the nation’s commercial airlines, may save the country up to N9.2 billion yearly from foreign exchange costs associated with maintaining airlines overseas. For instance, with the handling the repairs of its two Boeing 737- 500 locally, the company […]