in Business & Finance

House Committee on Banking praises Arik Air management

Posted 26 February 2018 · Add Comment

The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri has commended the present management of Arik Air for the good work they have done in turning around the fortunes of the airline.

The airline’s incumbent management led by Capt. Roy Ilegbodu as Chief Executive Officer assumed office in February of 2017 after the intervention of the Asset Management Corporation of Nigeria (AMCON) in the airline, which prevented imminent collapse of Arik Air.

Onyereri stated that from what the team saw on ground, Nigerians stand reassured of the safety of Arik and its survival.

He added: “To the extent of safety, the amount of spare parts in their (Arik) store is huge, we are completely impressed. They have brand new tyres, spare engines and that is comforting enough.”

Reacting to the rumour that there are chances of Arik Air being named the national carrier, the chairman said that was beyond the committee for now stating that there were so many things to be considered before such a development could happen.

Onyereri said: It would be recalled that the committee earlier in February promised Nigerians that they will soon pay a visit to Arik and Aero airlines for what they described as on the spot assessment of recent positive developments at the two airlines since they were taking over by AMCON when he said, “We owe it a duty to Nigerians to visit some of the critical institutions AMCON was mandated to take over in the interest of the nation.”

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