The Federal High Court in Abuja has ordered the sale of assets belonging to Arik Air (W3, Lagos) (in receivership), including aircraft and hangars, resulting from the airline’s substantial debt to Nigerian fuel giant Atlas Petroleum International Limited, Nigeria’s Independent and Post Times newspapers reported.
Specifically, the court has mandated the sale of the following aircraft:
- one company-owned 149-seater 16.75-year-old B737-700, 5N-MJF (msn 34762);
- one company-owned 146-seater…
Source: ch aviation
Read more: Nigerian court orders sale of three Arik Air aircraft