The shareholders added: “It is the height of dishonesty that Mr. Nwauzor failed to mention that under the Arik Air receivership by AMCON the followings occurred, one Boeing 737-800NG aircraft ...

from some viable assets of Arik Air. About four Boeing 737 airplanes that once belonged to Arik have been stripped and rebranded into NG Eagle’s livery in 2021. But, if upturning Arik’s ...

Arik Air shareholders have refuted AMCON's debt claim, accusing the corporation of disinformation and mismanagement of the ...

A Nigerian court has delivered its ruling, allowing the repossession of Arik Air's aircraft. The Federal High Court made the landmark ruling, allowing Export Development Canada (EDC) to repossess ...

Nigeria’s Federal High Court in Lagos has ruled that Export Development Canada (EDC), a Canadian financier, can repossess an aircraft leased to Arik Air, marking the first application of the Cape Town ...

The court’s judgment further stated that the exhibit presented to the EFCC to investigate by the owners of Arik Air did not cover ... $31,000,000.00 and Boeing 737-700 with the MSN number ...

Arik airlines. Photo – Cable Network In a rekindled ... “One notable incident involved the seizure of a Boeing 737-800NG in Lithuania in 2023 due to AMCON’s failure to meet the airline ...

Asset Management Corporation of Nigeria, AMCON, Friday, refuted claims that a domestic carrier, Arik Air Limited, did not default in servicing its obligations to aircraft suppliers and trade ...

Almost eight years after the takeover of Arik Air from its shareholders by the Asset Management Corporation of Nigeria (AMCON), both parties are still bickering over the action. The shareholders of ...