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AVIATION

Arik Air to Go Public in 2016

Arik airline

The management of Arik Air on Wednesday that it would go public by May 2016, in order to free the airline of a single ownership structure.

Johnson Arumemi-Ikhide, chairman of the airline, who disclosed this at a breakfast meeting with the topic: ‘Ownership, funding and sustainability of Nigeria airlines’ organised by Aviation Round Table, a non-governmental organisation, in Lagos, said the airline had invested a lot in Nigeria and its management was proud of the company.

He also called for a Fly Nigeria Act, as obtainable in the US, where all government functionaries’ travel itineraries were channelled through the country’s airlines.

This, he said, will go a long way in assisting Nigerian carriers develop their capacity and compete with their foreign counterparts to a certain extent.

Arumemi-Ikhide lamented that a lot obstacles stood in the ways of domestic carriers in Nigeria, ranging from high interest rate, hostility from the financial sector, lack of necessary protection from the Federal Government, high cost of aviation fuel and lack of Maintenance, Repair and Overhaul (MRO) facilities, among others.

According to him, domestic carriers are fighting a battle with the Ministry of Aviation; there is nothing we apply for that will not dragged on for a long time, whereas, foreign carriers are being granted frequencies at will.

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Comments (5)

  1. […] of the largest Nigerian owned airlines, Arik Air has said it secured a loan worth $1 billion from Exim Bank to acquire at least additional 26 […]

  2. […] of the largest Nigerian owned airlines, Arik Air has said it secured a loan worth $1 billion from Exim Bank to acquire at least additional 26 […]

  3. […] largest carrier, Arik Air, revealed that it airlifted at least 17, 304, 741 passengers since it kicked off flight operations […]

  4. […] Chief Executive Officer Captain John Okakpu, who made this known, listed others in the deal as Arik Air and Skyway Aviation Handling Company (SAHCOL), adding that it would facilitate the packaging and […]

  5. […] by limited supply of aviation fuel, otherwise known as Jet A -1, forcing some carriers, including Arik Air , to delay some flights and cancel […]

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