Wole Shadare, Author at Aviation metric

AMCON, Arumemi-Ikhide spat deepens over N400 billion Arik, Rockson Engineering Ltd debt

Posted on June 22, 2023June 22, 2023 by Wole Shadare

Asset recovery firm vows to recover N5 trillion debts From all indications, there appears to be no end to the face-off between the Asset Management Corporation of Nigeria (AMCON) Arik Air founder, Sir Arumemi Johnson regarding the activities of the Receiver Manager of Arik Air Limited, Mr. Kamilu Alaba Omokide, a Senior Vice President at AMCON who is being investigated by the Economic and Financial Crimes Commission (EFCC). Arik Air’s founder had accused AMCON of…

Goodbye First Class, hello Business Class

Posted on June 21, 2023 by Wole Shadare

Once hailed as the epitome of aviation opulence, First Class now bids a subtle adieu, as other cabins ascend to fill its role. The First Class Cabin has long reigned supreme as the peak of luxury in the skies, entrancing passengers with its unparalleled extravagance and enticing airlines to outdo one another in elevating their offerings and curating unforgettable VIP experiences. Nevertheless, the winds of change are blowing across the industry, as airlines navigate the…

Airfares to double on int’l routes as IATA benchmarks ticket sales at N770/$

Posted on June 21, 2023June 21, 2023 by Wole Shadare

‘New monetary policy to solve airlines’ $800 million trapped funds’ The International Air Transport Association (IATA), the clearing house for over 290 global airlines would from Wednesday quote ticket prices at N770/$1. The implication is that airfares on international routes would jump astronomically by over 50 percent. A top official of a West Coast airline who pleaded anonymity told Aviation Metric, “Please, be informed that the IATA rate of Exchange (IROE) will increase from…

CRJ 1000: Canada escalates disputed plane face-off, cargo firm labels founder’s claims mischievious

Posted on June 20, 2023 by Wole Shadare

The war of words between Arik Air (In Receivership) and the airline founder, Sir Johnson Arumemi-Ikhide over the issues surrounding a CRJ1000 aircraft is yet to abate. This is coming as the Canadian government is escalating the matter at the diplomatic level to preserve its interest. Merchant Express Cargo expressed displeasure with some media reports allegedly by Arumemi-Johnson and his lawyers ‘mischievously and wrongly’ painted one of the agents of the Canadian owners of the…

Arik Air: A Carrier Entangled In Monumental Crises

Posted on June 20, 2023June 20, 2023 by Wole Shadare

The crises rocking Arik Air are multi-dimensional and lack a solution. WOLE SHADARE chronicles the problems of the carrier and the futile attempts by its founder, Johnson Arumemi-Ikhide to reclaim his airline A model at inception The crisis rocking the erstwhile biggest airline in West and Central Africa, Arik Air, took another turn this penultimate week following the sale of one of its assets – a CRJ 1000 aircraft with registration number 5N-JEE. Arik at its inception…

Delta appoints Matteo Curcio Senior VP Europe, Middle East, Africa and India

Posted on June 18, 2023June 18, 2023 by Wole Shadare

Delta Air Lines has appointed Matteo Curcio as its new Senior Vice President for Europe, Middle East, Africa, and India (EMEAI). Based in Paris, Curcio will be responsible for overseeing all commercial activities across the EMEAI region while further developing long-term growth opportunities with Delta’s joint venture partners Air France-KLM and Virgin Atlantic. Since joining Delta in 2006, Curcio has held a variety of positions with increasing responsibility across the company including trans-Atlantic network planning,…

The Dirty Tactics Of A Bully Borrower, By Omokide Kamilu Alaba

Posted on June 18, 2023 by Wole Shadare

This statement is issued on behalf of Arik Air Limited (in Receivership) (Arik) under the leadership of its Receiver Manager, Omokide, Kamilu Alaba, FCA in response to recent media reports concerning an EFCC investigation into the affairs of Arik. These reports have unjustifiably, and without verification of the facts, linked the Receiver Manager of Arik to financial fraud within Arik. The investigation is apparently based on a petition filed by Mr. Femi Falana, SAN (the Petition)…

Export Development Canada Admonishes EFCC On Interference With Mortgage Rights

Posted on June 16, 2023June 16, 2023 by Wole Shadare

The Export Development Canada (EDC) has warned the Economic Financial and Crime Commission (EFCC) to lay off its Mortgage Rights, the CRJ 1000 which the crime commission is obstructing the owner from repossessing following a petition filed by Sir Johnson Arumemi, founder of Arik Air. The situation has called to question the urgent need by the Nigerian state to protect the interests of international lenders, such as Export Development Canada (EDC), and other potential lenders…

BASL, Nigeria Police Renew Collaboration To Sustain, Improve Security At MMA2

Posted on June 16, 2023 by Wole Shadare

Bi-Courtney Aviation Services Limited (BASL) and the Nigeria Police, Airport Command, have renewed their partnership aimed at improving safety and security at the Murtala Muhammad Airport Two, Terminal 2 (MMA2). During an inaugural courtesy visit to the terminal, the Commissioner of Police, Airport Command, CP Ebong E. Ebibwa, and his team, including Deputy Commissioner of Police, DCP Kayode Sunday, renewed the Memorandum of Understanding that has been in place for over 16 years between the…

Poor maintenance, power failure cause of Max Air’s near mishap-NSIB

Posted on June 15, 2023 by Wole Shadare

Wheel fall out, embarrassment to Boeing The Nigerian Safety Investigation Bureau (NSIB) has disclosed the cause of the incident involving a Boeing 737-400 aircraft operated by Max Air Limited with registration number 5N-MBD. The Director General of the NSIB, Akin Olateru, disclosed this while speaking with journalists on Thursday in Abuja. According to Olateru, the incident which occurred on May 7th, 2023 was due to poor maintenance and power failure. He said the Yola…

« 1 … 165 166 167 168 169 … 628 »