Merging airlines can save AMCON billions

In the five years of managing Arik Air and Aero Contractors, the Asset Management Corporation of Nigeria (AMCON) may have done its best to keep the once insolvent airlines afloat. But to date, the airlines are struggling to soar high, making it increasingly difficult for the receiver manager to recover debts and sustain jobs at the same time.

Even as AMCON tries to return two relatively ailing airlines to winning ways, it is planning to float yet a third one; NG Eagle, which it says ‘will run alongside Arik Air in the future.’

Experts have raised concerns on how AMCON hopes to…