On Thursday, 9th February 2017, the Assets Management Corporation of Nigeria (AMCON) announced that it has taken over the operations of Nigeria’s largest domestic carrier, Airk Air. The airline is said to now be managed by Capt Roy Ilegbodu, an aviation expert under the receivership of Mr. Oluseye Opasanya (SAN).

“For some time now, the airline, which carries about 55 per cent of the load in the country, has been going through difficult times that are attributable to its bad corporate governance and erratic operational challenges. Others are inability to pay staff salaries and heavy debt burden among other issues, which led to the call for authorities in the country to intervene before the airline goes under like many before it,’’ Mr Jude Nwauzor, AMCON spokesperson, said.

According to Nwauzor, this move emphasises government’s decision to inculcate sanity in the nation’s aviation sector. Hence, the development will enable the airline to operate regularly and undisrupted, avoid job losses, protect investors and stakeholder funds as well as ensure safety and stability in the already challenged aviation sector.

Read more at NAN

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