Why Arik Air Removed CRJ 1000 From Fleet

Arik Air, one of Nigeria’s leading domestic carriers has announced the removal of the CRJ 1000 aircraft from its fleet.

According to a statement signed by SY&T Communications Agency to Arik Air, the removal of the aircraft from its fleet followed a decision to sell the airplane made by JEM Leasing Limited, the owners of the CRJ 1000, registered as 5N-JEE, in collaboration with its financiers, Export Development Canada.

Join our WhatsApp Channel

The statement further disclosed that the buyer equally intends to dismantle the aircraft.

Arik Air has been operating the aircraft on lease since 2014, pursuant to an agreement with JEM Leasing Limited. The airline, however, discontinued operations of the CRJ fleet in 2019.

The airline assured all stakeholders including passengers, partners, and the general public, that the decision of the owner and financier of the aircraft “will not impact Arik’s operations or compromise its commitment to providing safe, reliable, and convenient air travel services.”

Latest from Business

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

NGX Market Cap Rises To N125.48trn — Up By N1.72trn

On Monday, March 2, the Nigerian Exchange (NGX) recorded a N1.72 trillion increase in its market capitalisation, which rose to N125.48 trillion from N123.76 trillion on Friday, February 27. The market capitalisation increased by 1.39 percent after the all-share index (ASI) expanded

Wema Bank In Search Of N25 billion, Target Private Investors

Wema Bank Survives 60% Decline in Securities Investment As Topline Outpaces Expenses

Wema Bank recorded N653,28 billion gross earnings in 2025, according to the company’s consolidated and separate financial statements for the period ended December 31, 2025, surpassing the N433.43 billion generated in 2024. The gross earnings rose by 31 percent following a 62.73

FAAN Bans Taxi From Abuja Airport, Recommends Uber, Others

Cashless Rollout Triggers Traffic Snarls at Lagos International Airport

Nigeria’s airport authority on Sunday urged motorists to remain patient after heavy traffic congestion disrupted access to the country’s two busiest airports on the first day of a nationwide cashless payment rollout. The Federal Airports Authority of Nigeria (FAAN) said gridlock at

Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue to 4.31 trillion naira ($2.7 billion) for the year ending Dec. 31, 2025, driven by higher prices in key markets, the company said in a filing to the Nigerian Exchange Limited. The

Why Nigerian Airlines Have Been Unable To Compete With Foreign Operators - Keyamo

US-Iran Strikes Disrupt Nigeria–Middle East Flight Routes

Flights between Nigeria and several Middle East destinations were disrupted on Saturday after multiple countries shut their airspace following United States and Israeli strikes on Iran, airport authorities said. The Federal Airports Authority of Nigeria (FAAN) said the closures were already affecting

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Why Arik Air Removed CRJ 1000 From Fleet

Victor Ezeja

Related Posts

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

UAC Nigeria Profit After Tax Rises By 90.4% To ₦17bn

Expert Highlights Reasons For Naira Rally, Counters Claim That CBN Spent $8bn Defending Currency

UBA Business Series: Experts Highlight Strategies For Building Successful Ventures

Abia Gov, Otti, Suspends Payment Into Banks From Unauthorised Channels

Stock Market Investors Pocket N126.38 billion, Equity Cap Up 0.41%

Featured Stories

Unsung Heroes: Meet 8 Frontline Activists Shaping Nigeria’s Future

Remembering Ambakina Moses Jitoboh

Related Posts

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

UAC Nigeria Profit After Tax Rises By 90.4% To ₦17bn

Expert Highlights Reasons For Naira Rally, Counters Claim That CBN Spent $8bn Defending Currency

UBA Business Series: Experts Highlight Strategies For Building Successful Ventures

Latest from Business

NGX Market Cap Rises To N125.48trn — Up By N1.72trn

Wema Bank Survives 60% Decline in Securities Investment As Topline Outpaces Expenses

Cashless Rollout Triggers Traffic Snarls at Lagos International Airport

Dangote Cement Records 20% Increase in 2025 Revenue

US-Iran Strikes Disrupt Nigeria–Middle East Flight Routes

Abia Gov, Otti, Suspends Payment Into Banks From Unauthorised Channels

Stock Market Investors Pocket N126.38 billion, Equity Cap Up 0.41%

Police Council Ratifies Disu as IGP, Tinubu to Swear Him In Wednesday

Suggestions

Why Arik Air Removed CRJ 1000 From Fleet

Related Posts

Abia Gov, Otti, Suspends Payment Into Banks From Unauthorised Channels

Stock Market Investors Pocket N126.38 billion, Equity Cap Up 0.41%

Featured Stories

Related Posts

Latest from Business

Abia Gov, Otti, Suspends Payment Into Banks From Unauthorised Channels

Stock Market Investors Pocket N126.38 billion, Equity Cap Up 0.41%

Don't Miss