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AMCON Takes Over OAS Helicopters by metronaija: 10:45am On Feb 15, 2017 |
The Asset Management Corporation of Nigeria (AMCON) has taken over another airline, Odengene Air-Shuttle Services, known more as OAS Helicopters in Lagos following a court order. It was the third aviation firm to be taken over by the bad bank in four months. OAS is one of the leading helicopter chatter service companies in the country. The News Agency of Nigeria (NAN) reports that AMCON had on Tuesday sealed the company at Maryland in Lagos, indicating that the company had been taken over. The order on the company’s office reads: “POSSESSION TAKEN TODAY 14/2/17 BY AMCON COURT ORDER ON SUIT NO. FHC/4CS/1139/2016 NAN however reports that it could not authoritatively confirm if the company is indebted to some banks that could have warranted such take over. However, the company was among the airlines that received the Federal Government intervention fund during the tenure of President Goodluck Jonathan. Recall that AMCON had on Thursday Feb.9, taken over the management of Arik Air, after it had earlier taken over the management of Aero Contractors in 2016. http://www.metronaija.com/2017/02/amcon-takes-over-another-airline.html
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Re: AMCON Takes Over OAS Helicopters by JacksonD7: 10:47am On Feb 15, 2017 |
Effects of recession. 3 Likes |
Re: AMCON Takes Over OAS Helicopters by NuclearWinter: 10:52am On Feb 15, 2017 |
JacksonD7: You mean full blown depression. Airline industry is the first sector of any economy to feel the effects of an economic slump or gain. As air travel is directly related to economic activity. 22 Likes 1 Share |
Re: AMCON Takes Over OAS Helicopters by oluseyiforjesus(m): 10:53am On Feb 15, 2017 |
I wonder if ds good news or bad news for Nigeria |
Re: AMCON Takes Over OAS Helicopters by Juliana53: 10:53am On Feb 15, 2017 |
What is happening to all these airlines now 1 Like |
Re: AMCON Takes Over OAS Helicopters by Tokziby: 10:53am On Feb 15, 2017 |
If u started a business and have burrowed millions running to billions to set it up but were unable to settle ur installments for over a long period of time after over 2-3 restructure, then this will definitely happen to u. Let the truth be said, Banks in Nigeria are broke because of the inflow of stolen Government's monies and these banks do not have other source except through the masses savings, that's the reason they are now waking up to run after their debtors. You wonder why the ATM's were empty during the December period, no more free monies. 12 Likes 3 Shares |
Re: AMCON Takes Over OAS Helicopters by Nobody: 10:53am On Feb 15, 2017 |
AMCON and taking over of other people's properties are like 5 & 6 9 Likes |
Re: AMCON Takes Over OAS Helicopters by Agimor(m): 10:54am On Feb 15, 2017 |
JacksonD7:Effects of Bubu inefficiency rather. 10 Likes 2 Shares |
Re: AMCON Takes Over OAS Helicopters by Dhaffs(m): 10:54am On Feb 15, 2017 |
AMCON=mad over airlines #kilonshele qan qan |
Re: AMCON Takes Over OAS Helicopters by SalamRushdie: 10:54am On Feb 15, 2017 |
In 1984 many airlines folded up under the poor leadership of Buhari so I am not suprised 7 Likes 1 Share |
Re: AMCON Takes Over OAS Helicopters by omenkaLives(m): 10:54am On Feb 15, 2017 |
That man jonadumbfuck would always feature in every bad news in this country. What a curse to humanity. 3 Likes 1 Share |
Re: AMCON Takes Over OAS Helicopters by holluwai(m): 10:54am On Feb 15, 2017 |
but a thread below says the economy was recovering in full speed...LOL 1 Like 1 Share |
Re: AMCON Takes Over OAS Helicopters by maclatunji: 10:54am On Feb 15, 2017 |
Let us see if AMCON can do better. |
Re: AMCON Takes Over OAS Helicopters by helinues: 10:54am On Feb 15, 2017 |
How can a nation progress if all this fake companies are owing money upadown 3 Likes |
Re: AMCON Takes Over OAS Helicopters by arsenal33: 10:55am On Feb 15, 2017 |
AMCON AIRLINE loading..... 1 Like |
Re: AMCON Takes Over OAS Helicopters by owobokiri(m): 10:55am On Feb 15, 2017 |
As the economic crunch bites harder, folks will jettison flying and airlines loss revenue.. It is that simple. buhari has made flying a luxury again. 3 Likes |
Re: AMCON Takes Over OAS Helicopters by bestman09(m): 10:55am On Feb 15, 2017 |
Who will be next? Very soon AMCON will take over every business, but the question is will they manage them well? Will people not lose their jobs? Is this the ONLY way to turn around the fortunes of these businesses ![]() 1 Like |
Re: AMCON Takes Over OAS Helicopters by seXytOhbAd(m): 10:55am On Feb 15, 2017 |
They should not seal the company. If they are still carrying out operations, it makes sense to have a management take over rather than sealing the company premises which sends a bad impression to its customers. Smh 2 Likes |
Re: AMCON Takes Over OAS Helicopters by stagger: 10:55am On Feb 15, 2017 |
When you have airlines who run the companies like their private homes (Ibru family and Aero) instead of like a true business, then AMCON has a right to take them over. How come airlines are owing billions of Naira to banks while their top management are living very opulent lifestyles? Business owners should live within the incomes of their businesses for them to survive. 7 Likes |
Re: AMCON Takes Over OAS Helicopters by searchng4love: 10:56am On Feb 15, 2017 |
And I wanted to book a ticket for Gazzuzz at least to cure his curiosity... 1 Like |
Re: AMCON Takes Over OAS Helicopters by arsenal33: 10:56am On Feb 15, 2017 |
SalamRushdie: Name them you liar. 6 Likes |
Re: AMCON Takes Over OAS Helicopters by maclatunji: 10:57am On Feb 15, 2017 |
holluwai: Even when you are experiencing growth, some businesses still file for bankruptcy. People should stop analyzing like they did not pass common entrance exams in primary school without cheating. It is not about your post alone but thousands we have read over time. 6 Likes |
Re: AMCON Takes Over OAS Helicopters by Guyman02: 10:57am On Feb 15, 2017 |
metronaija:Bad bank? What does that mean? 1 Like |
Re: AMCON Takes Over OAS Helicopters by NuclearWinter: 10:58am On Feb 15, 2017 |
omenkaLives: This your lame attempt at deflecting to GEJ no go work again. Azman, Medview, Air Peace and Dana airlines entered Nigerian aviation industry under GEJ. Under your useless Buhari, Arik has gone under Or was GEJ responsible for Foreign airlines threatening to exist our airspace over shoddy forex regulations rolled out by this highly incompetent APC govt under the dullard? Forex scarcity, increasing cost of fuel, increasing tax and levies and a depressed economy with nothing moving are all what led to Arik going down. All your silly cheap propaganda tactics no dey work again. BMC staff that is paid to insult Jonathan allover social media 10 Likes 3 Shares |
Re: AMCON Takes Over OAS Helicopters by Thisis2raw(m): 10:59am On Feb 15, 2017 |
And someone will tell me Nigeria is getting better 1 Like |
Re: AMCON Takes Over OAS Helicopters by SalamRushdie: 10:59am On Feb 15, 2017 |
arsenal33: When Buhari took over from Shagari he inherited a Nigeria Airways which was then the biggest airline in Africa and the middle east with 33 operational aircraft but under Buhari's poor leadership 15 months later the same airline would cut over a thousand jobs and was reduced to a 6 aircraft airline from where it never ever recovered .. 9 Likes 3 Shares |
Re: AMCON Takes Over OAS Helicopters by DeLioncourt: 10:59am On Feb 15, 2017 |
Na to go apply for work there ooo |
Re: AMCON Takes Over OAS Helicopters by Nobody: 11:00am On Feb 15, 2017 |
omenkaLives:What a stupid post! 8 Likes 2 Shares |
Re: AMCON Takes Over OAS Helicopters by ritababe(f): 11:02am On Feb 15, 2017 |
arsenal33:he is not lying. 1 Like |
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