17 Jan AMCON to float international airline with Arik, Aero planes
The Asset Management Corporation of Nigeria will soon launch a multibillion naira airline by pooling together its aviation assets especially planes in debt-ridden Arik Air and Aerocontactors Airlines.
According to PUNCH reports, the new international airline, to be named Nigeria Eagle, may take to the sky with at least 10 planes as early as June, according to insiders who spoke on condition of anonymity because they were not authorised to speak on the matter.
AMCON is expected to make an official statement on the deal very soon.
It was learnt that AMCON, a Federal Government-owned bad debt manager which owns controlling stakes in both Arik and Aero, chose to establish the new airline as a clever means of wriggling out of the multibillion naira liabilities currently hanging on the two carriers.
The debts are believed to be hindering new buyers from showing interest in the two carriers which AMCON has been willing to sell to new investors.
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