The Federal Government, through the Asset Management Corporation of Nigeria (AMCON), is contemplating merging Arik Air and Aero Contractors to form a national carrier. AMCON’s Managing Director, Gbenga Alade, revealed this plan during a media session in Lagos, citing the significant financial difficulties and debts faced by both airlines.
Alade mentioned that this proposal had previously been presented to a former Minister of Aviation but was rejected. However, given the ongoing financial struggles, AMCON believes that merging the airlines into a national carrier could be the best solution to ensure the sustainability of Nigeria’s aviation industry.
This move comes amidst broader discussions on the future of Nigeria’s national carrier project, which was previously suspended due to concerns over its ownership structure and operational integrity.
