Wednesday, 14 September 2016

Recession: Third Airline, Arik Stops Operations - rumors (to resume operations at 11am Nigerian time today)



Arik air has shut down its operations in Nigeria and West African sub region.


The development followed huge debts the airline owed its clients – the aviation fuel suppliers and and its insurance companies.

It is believed that the carrier is also stressed by other pressing debts.

Arik’s disrupted operations makes it the third within a month- after the Aero Contractors and First Nation similar distressed declaration.

However, the National Civil Aviation Authority (NCAA) has said the shutdown announcement by the first-two airlines was temporary.

Arik is one of the rated private Nigerian effective and efficient carriers.

Rumors have it the airline might resume flights today at 11am Nigerian time.
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Update @ 14:20 Nigerian time, an Arik air flight with flight number W3731 a Boeing 737 from Lagos to Abuja has been spotted on flight radar 24 time of flight so far has been 26mins. So, I guess it's safe to say Arik air may have called off the suspension.

(www.africanexaminer.com)

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