ASSETS Management Corporation
of Nigeria (AMCON) has warned that
it would be suicidal to contemplate
building a national carrier from the
assets of Aero Contractors and Arik
airlines, both currently under the
administration of the corporation.
The Managing Director of AMCON,
Ahmed Kuru, gave the warning at
a media forum in Lagos to clarify
the 2016 financial statement of the
corporation.
Kuru’s warning came on the heels
of a previous denial by the federal
government that it was not planning
to convert Arik Air to a national
carrier, contrary to speculations.
“It will be suicidal to build a
national carrier from Aero and Arik
airline because the problem they
will face is very huge, including
litigations that can last up to 10
years,” he said.
Reacting to the statement credited
to the Minister of Finance, Kemi
Adeosun that some foreign investors
had indicated interest in acquiring
the airline, he said, “No investor
will put his money on these airlines
without first addressing the
problems on ground.”

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