
February 10, 2017 Tension As Arik Air Vows to Challenge Nigerian Government Over Takeover Following the takeover of Arik Air by Federal Government over its huge indebtedness, the airline's management has vowed to stage a protest and also challenge the action. Arik Air management has disclosed it would challenge the taking over of the airline by the Assets Management Company of Nigeria (AMCON) in court. Ado Sanusi, Senior Vice President, Arik Air made the disclosure at a joint news conference with the newly appointed receiver manager, Oluseye Opasanya, and the airline’s technical consultant, Roy Ilegbodu. The asset company had on Thursday taken over the airline following its huge indebtedness to local and foreign creditors. Mr. Sanusi said the airline had been served with a valid court order empowering AMCON to take over the company. “As responsible citizens, we have obeyed the court order which appointed the Olaniwun Ajayi (SAN) as the receivership manager. “ We ...