[Lagos]–The Asset Management Corporation of Nigeria, (AMCON) has revealed the level of recklessness in the operations of Nigeria’s largest airline, Arik Air, before it was taken by the corporation in February.
AMCON spokesperson, Jude Nwauzor, while addressing a press conference in Lagos on Wednesday said that Arik Air operated without spare tyres and other important equipment necessary to facilitate operations, adding that the airline lacks adequate equipment which reflected in the insufficient laptops available at the airports to conduct basic checks.
According to AMCON, the former management of Arik Airlines were basically gambling with the lives of millions of people that patronize the airline because it did not care about safety.
The corporation noted that critical operational arrangement such as having a simulator, which would have ensured that Arik pilots undertook mandatory trainings as required to improve their efficiency, were non-existent.
Similarly, Mr. Nwauzor disclosed that the airline was indebted to the tune of N375 billion naira in local debt, adding that it also accumulated foreign debt totalling 31 million euros and $6.5 million.
AMCON overtook Arik Air’s operation in February because the airline was immersed in heavy debt burden and bad corporate governance that was threatening to ground its operations.Please Follow Us @ThePageNg