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Nairaland Forum / Nairaland / General / Travel / BREAKING: FG Takes Over Arik Airline - Vanguard (31071 Views)
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Re: BREAKING: FG Takes Over Arik Airline - Vanguard by BlackSeptember: 4:46pm On Feb 09, 2017 |
mu2sa2: 1 Like
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Re: BREAKING: FG Takes Over Arik Airline - Vanguard by Akainzo(m): 4:47pm On Feb 09, 2017 |
SalamRushdie: I am a criminal for pointing out that other airlines are expanding under the same President. OK, since May 2015, how many more cinemas has FilmHouse opened, how many more ShopRite outlets have been opened? Once you do not run your business wisely and efficiently, things like this are bound to happen. 1 Like |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by GboyegaD(m): 4:59pm On Feb 09, 2017 |
Federal Government gave them a long rope by giving them so much loan in 2013 with near zero percent interest through AMCON and I am surprised they still couldn't pull through. I guess their major challenge is mismanagement. |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by bakila: 5:04pm On Feb 09, 2017 |
Ohammadike:Useless comment. |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by ephi123(f): 5:05pm On Feb 09, 2017 |
mu2sa2: I know you don't even know what truth means. |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by opribo(m): 5:09pm On Feb 09, 2017 |
This is the beginning of the end. There is nothing federal government of Nigeria takes over that ever worked.Take a look at the banks, the management that CBN introduced only came to kill the banks as they were busy settling themselves and their families. It would seem the former managers were managing the banks far better than what these crooks are doing right now. Just take a look at what they did in Union bank, Keystone Bank, Intercontinental. What is the assurance that these ones in the highly sensitive sector like aviation would be any better. Best thing would have been to give them a bailout and mandate the management to change the executive team with a time frame to turn things around for the company. All govt need to do is to ensure strict compliance to the mandate given to the new management. Government has shown that they are not good managers of profit making ventures over and over again. This one certainly is another disaster of this administration as usual, before they list it as one of their achievements. 1 Like |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by opribo(m): 5:15pm On Feb 09, 2017 |
GboyegaD: Giving loans without close monitoring of its application and usage and a new management to administer it is like throwing money down the drain. That shows that federal govt is culpable. If AMCON was a serious organisation they wont just throw tax payers money around just like that without strict follow up so they can detect and clear any irregularities at the bud stage, but NO they are as useless as anything federal govt. The same old 'no be my papa company' permeates in the system. They even use it to settle their cronies. |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by oskaaay(m): 5:37pm On Feb 09, 2017 |
Okay.NOTED OP! |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by Blue3k(m): 5:46pm On Feb 09, 2017 |
Domestic airlines folding like cards. Why the Federal Government? Why don't other private parties buy them out or merge with them. 1 Like |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by tommysparks: 5:47pm On Feb 09, 2017 |
BankManager:you hit the nail on the head 1 Like |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by abioyeolaide(m): 6:14pm On Feb 09, 2017 |
Neyoor I pray its for d interest of the masses. |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by AreaFada2: 6:19pm On Feb 09, 2017 |
BankManager: Did Nigeria manage to run a national airline successfully for over 20 tears now? Much less an already indebted one? 2 Likes |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by jinxet2000: 7:17pm On Feb 09, 2017 |
Just retitle this to "some kingpins in govt have hijacked the ownership of Arik Air" Which government? senators, ministry, education, justice, who? if not a hand few of kingpins in the North and South" |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by GboyegaD(m): 7:45pm On Feb 09, 2017 |
opribo: I agree that they are culpable to some extent in that they did not give very close monitoring however, they did that which they could do. I think one challenge they had was the FG interest in the business survival which limited their monitoring since FG shielded Ikhimi to some extent. |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by davidif: 4:10am On Feb 10, 2017 |
Why are they bailing them out? |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by Nobody: 7:09am On Feb 10, 2017 |
TheAlchemist: I disagree with you, we have competent people who can run airline business, just as we have \Nigerian technocrats who are currently working abroad for foreign airlines. Govt idea of running a business is to provide services to its citizens,it is subsidized, that is why govt doesnt make profit on its business- because it's a charity. Apart from telecoms mention any other privatized govt entity that is being run well, is it power? Nigerian Airways of old wasn't run by foreigners. If govt sold it's business to the right people we wont't the problems we re having with privatization of govt assets. The current owners of Arik never had the interest of the airlines at heart. They saw Arik as a cash cow to be milked for personal gains. How do you explain mounting debts, back log of unpaid salaries and vendors when every single passenger has been paying for Arik flights.? Where did all these monies go? Now AMCON is being called to bail of incompetent thieves with tax payers money. 1 Like |
Re: BREAKING: FG Takes Over Arik Airline - Vanguard by loomer: 10:01am On Feb 10, 2017 |
mu2sa2: Now, who come be tribal bigot? When the first thing wey u think na about tribe, religion and region. |
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