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

Dollar Sold At N1,363/$ In Official Window, Trades Flat In Black Market

During trading in the black market on Friday, February 27, the foreign exchange (FX) rate for the United States dollar (USD) was N1,382.76 kobo per $1. According to Naira Rates, the black market aggregator, this is the same FX rate for the

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased by N475.62 billion to N123.76 trillion on Friday, February 27. According to the NGX, the market capitalisation dropped from the N124.23 trillion recorded on Thursday, February 26.Join

IFGreen Industries Switches to Solar, Commissions Hybrid Power System in Epe

IFGreen Industries & Investment Ltd has commissioned a Hybrid Solar Photovoltaic (PV) and Battery Energy Storage System (BESS) at its production facility in Epe, Lagos, marking its transition from diesel-powered operations to renewable energy, Prime Business Africa reports. The agro-allied processing firm

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

MTN Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 53% Of Turnover

The voice turnover to MTN Nigeria’s total revenue dropped from 38.77 percent in 2024 to 35.55 percent in 2025, according to Prime Business Africa’s analysis. Although the voice revenue increased last year to N1.85 trillion, surpassing the N1.30 trillion earned from the

FCCPC Clarifies One-Month Moratorium On Exploitative Pricing Amid Economic Challenges

FCCPC Flags Possible Airline Price-Fixing During 2025 Christmas Season

Nigeria’s consumer protection agency has uncovered evidence suggesting some domestic airlines may have engaged in price fixing during the 2025 Christmas travel rush. In an interim report released Thursday, the Federal Competition and Consumer Protection Commission (FCCPC) said ticket fares during December

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

Alleged N76billion Arik Fraud Case: Avoid Misrepresentation Of Facts In Covering Court Proceedings – Justice Dada To Journalists

Arik Air: CBN Board Approved AMCON Takeover, EFCC Tells Court

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

Dollar Sold At N1,363/$ In Official Window, Trades Flat In Black Market

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

IFGreen Industries Switches to Solar, Commissions Hybrid Power System in Epe

MTN Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 53% Of Turnover

FCCPC Flags Possible Airline Price-Fixing During 2025 Christmas Season

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

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

Nigeria: In Search of A Leadership for the Common Good

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