Nigeria’s state-owned Asset Management Company (AMCON) is determined to recover debts of NGN228 billion naira (USD149 million) from Arik Air (W3, Lagos), while plans to liquidate the airline remain in place as attempts to revive it have failed.

This was the word from AMCON spokesman Jude Nwauzor, who explained to local reporters that the state-owned firm continues to face resistance from several debtors, including Arik Air, which has been under its receivership since February 2017.

Arik Air is…

Source: ch aviation
Read more: AMCON pursues debt recovery, plans Arik Air liquidation