NAAPE Urges AMCON to Boost Arik’s Fleet for Industry Dominance

September 7, 2023
AMCON Threatens To Liquidate Arik Air, Other Firms Over ₦455bn Debt 

In a show of unwavering support, the leadership of the National Association of Aircraft Pilots and Engineers (NAAPE), led by Engineer Mudi Muhammad, made a passionate plea to the Asset Management Corporation of Nigeria (AMCON) to reinforce Arik Air’s fleet, positioning it for industry supremacy.

During a courtesy visit to AMCON’s headquarters in Abuja, Mohammad emphasized the critical role AMCON played in rescuing Arik from the brink of collapse seven years ago, lauding the corporation’s commitment to financial stability and asset management.

Join our WhatsApp Channel

Speaking on behalf of NAAPE, Mohammad stated, “We are here today as an association to demonstrate our support to AMCON because, as insiders, we understand the significant contribution AMCON made to ensure that Arik did not die.

“If AMCON had not stepped in at the time they did, Arik would have ceased to exist a long time ago to join the growing list of airlines in the burial ground of Nigeria’s aviation industry.”

READ ALSO: AfDB Commits $1 Billion In African Youth For Climate Solutions

Mohammad continued, “As NAAPE, we know AMCON’s intervention in Arik about seven years ago was to protect the airline and save hundreds of us from losing our jobs. We can tell you categorically that in the last seven years of AMCON’s takeover of Arik, the airline has stood the test of time.”

While acknowledging AMCON’s efforts, the NAAPE Chairman stressed that Arik still faces various challenges. He appealed to AMCON’s management, led by Mr. Ahmed Lawan Kuru, to support Arik in expanding its fleet, foreseeing Arik’s resurgence as a dominant force in the aviation industry.

Mohammad added, “Arik is a great training ground for the aviation sector, which is critical to the growth of the Nigerian economy.”

Mohammad also expressed concerns that without further investments from AMCON, Arik could lose experienced pilots and engineers to foreign airlines, potentially tarnishing AMCON’s well-intentioned intervention.

He urged AMCON not to let Arik falter, emphasizing the airline’s role in job creation and its importance to the Nigerian economy.

In closing, the NAAPE Chairman stated, “Arik has a strong Nigerian brand name. We, therefore, as members of NAATE, are pleading with AMCON not to let Arik die because of the number of unemployment the death of Arik will add to the stressed economy, and the negative ripple effect that it would create in the country.”

 

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

AfDB Urges Action As Nigeria, African Nations Face $74bn Debt Burden
Previous Story

AfDB Commits $1 Billion In African Youth For Climate Solutions

Next Story

World Bank Urges Nigeria to Increase Public Spending for Infrastructure

Featured Stories

Latest from Business News

Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

Written by Amanze Chinonye Kenyan President William Ruto met Nigerian industrialist Aliko Dangote and Africa Finance Corporation (AFC) President Samaila Zubairu in New York on Monday, September 21, 2026 to discuss financing and preparations for a proposed oil refinery in Kenya’s coastal Lamu

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

Written by Amanze Chinonye India and New Zealand’s free trade agreement (FTA) will take effect on Oct. 20, giving Indian exporters duty-free access to the New Zealand market and deepening economic ties between the two countries. India’s Minister of Commerce Piyush Goyal announced
FCCPC) has approved an additional 211 digital money lenders, known as loan apps, marking an increase from 161 fully approved companies in September.

Zimbabwe Seeks $115 Million Afreximbank Loan to Revive State Railway

Written by Amanze Chinonye Zimbabwe’s state-owned railway operator is negotiating a $115 million financing facility with the African Export-Import Bank (Afreximbank) to acquire locomotives and wagons and rehabilitate parts of its ageing rail network, officials said. The National Railways of Zimbabwe (NRZ) is
AfDB Urges Action As Nigeria, African Nations Face $74bn Debt Burden
Previous Story

AfDB Commits $1 Billion In African Youth For Climate Solutions

Next Story

World Bank Urges Nigeria to Increase Public Spending for Infrastructure

Don't Miss

US Govt To Connect American Investors With Investment Opportunities In Nigeria

US Govt To Connect American Investors With Investment Opportunities In Nigeria

The United States Government, in collaboration with the U.S. Agency

Quadri Crashes Out Of World Tennis Championship 

Nigeria's Aruna Quadri on Thursday got eliminated from the 2022