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"Several media reports have suggested that Arik Air is heavily indebted and might soon go under, but the airline has repeatedly denied that it is broke.
Reports have suggested that Arik Air owes several billions of naira to banks and aviation agencies."
A little more research on the internet will yield several articles about:
- how the entire Arik fleet was grounded for several hours due to non-payment of navigational fees to the NCAA
- Arik employees not getting paid on time
- suppliers refusing to sell anything to Arik on credit
- airplanes being returned to the lessors with large sums of money owed
Can anyone confirm? Everything about Arik has always been smoke and mirrors for me.
http://www.airliners.net/aviation-forums/general_aviation/read.main/4931748/
"Several media reports have suggested that Arik Air is heavily indebted and might soon go under, but the airline has repeatedly denied that it is broke.
Reports have suggested that Arik Air owes several billions of naira to banks and aviation agencies."
A little more research on the internet will yield several articles about:
- how the entire Arik fleet was grounded for several hours due to non-payment of navigational fees to the NCAA
- Arik employees not getting paid on time
- suppliers refusing to sell anything to Arik on credit
- airplanes being returned to the lessors with large sums of money owed
Can anyone confirm? Everything about Arik has always been smoke and mirrors for me.
http://www.airliners.net/aviation-forums/general_aviation/read.main/4931748/