Curiosity As AMCON Floats New Airline From Ashes Of Arik Air

Photo of Milford Sound in New ZealandPhoto of Milford Sound in New Zealand

Curiosity As AMCON Floats New Airline From Ashes Of Arik Air

Asset Management Corporation of Nigeria (AMCON) is set to float a new airline, NG Eagle, deploying some of the assets of distressed Arik Air.

As at yesterday, two aircraft erstwhile operated by Arik, have been rebranded in the colours of NG Eagle and parked at the Murtala Muhammed Airport in Lagos, ahead of take-off.

The Guardian learnt the procedure for the Air Operating Certificate (AOC) has scaled the fourth stage of approval at the Nigerian Civil Aviation Authority (NCAA), and will be issued to the new carrier.

Amid reactions from stakeholders over the fate of Arik Air, AMCON has said Arik Air will continue to operate side-by-side NG Eagle. Though the future of Arik is uncertain, NG Eagle, according to AMCON’s plans, will later be sold to investors or the Federal Government that is angling to float a new national carrier.

Photo of Milford Sound in New Zealand
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