Arik, Aero mull merger for business survival

In response to the difficult times facing airlines, especially with the disruption caused by the Covid-19, indication has emerged that stakeholders are considering a merger between

In response to the difficult times facing airlines, especially with the disruption caused by the Covid-19, indication has emerged that stakeholders are considering a merger between Arik Air and Aero Contractors, two airlines under the management of Asset Management Corporation of Nigeria (AMCON).
The Chief Executive Officer of Aero Contractors, Captain Ado Sanusi, said the merge could be a possibility, if the federal government was desirous of ensuring the survival of the airlines.
Sanusi, however, explained that the history and origin of both companies was different, while their current circumstances also differ despite the fact that they are under the management of AMCON.
The CEO Aero Contractors opined that financial experts could also look at the two companies, straighten them up and bring them together so that they would become stronger and serve the country better.
The purpose of running the airlines, he said was to provide greater service to the people, stressing that airlines provide logistics that is safe and fast, so every effort should be made to ensure the airlines survive.
The Aero CEO asserted that although he does not think merging the airline was a good way to go, but noted that the federal government has the legal right to adopt merger, using very good consultants.
“Aero and Arik can come together but the history of those companies are not similar; their origin and circumstances are different, but government can get financial experts that can look at the two companies and put them together to make sure we serve the public better.
“I hope that the federal government is not going to lose that objective because airlines provide efficient logistics that is safe and fast. I think that government has the legal right to do anything, but I don’t think that it is a good way to follow for the two airlines, but I believe that if you get very good consultants, there is nothing that is impossible to do,” Sanusi added.

Spokesman of AMCON, Jude Nwuzor assured that he would make further enquiries about the plan, noting that he was not sure that such plan was on the cards yet as the two companies may not be compatible for such merger .

two airlines under the management of Asset Management Corporation of Nigeria (AMCON).

The Chief Executive Officer of Aero Contractors, Captain Ado Sanusi, said the merge could be a possibility, if the federal government was desirous of ensuring the survival of the airlines.

Sanusi, however, explained that the history and origin of both companies was different, while their current circumstances also differ despite the fact that they are under the management of AMCON.

The CEO Aero Contractors opined that financial experts could also look at the two companies, straighten them up and bring them together so that they would become stronger and serve the country better.

The purpose of running the airlines, he said was to provide greater service to the people, stressing that airlines provide logistics that is safe and fast, so every effort should be made to ensure the airlines survive.

The Aero CEO asserted that although he does not think merging the airline was a good way to go, but noted that the federal government has the legal right to adopt merger, using very good consultants.

“Aero and Arik can come together but the history of those companies are not similar; their origin and circumstances are different, but government can get financial experts that can look at the two companies and put them together to make sure we serve the public better.

“I hope that the federal government is not going to lose that objective because airlines provide efficient logistics that is safe and fast. I think that government has the legal right to do anything, but I don’t think that it is a good way to follow for the two airlines, but I believe that if you get very good consultants, there is nothing that is impossible to do,” Sanusi added.

Spokesman of AMCON, Jude Nwuzor assured that he would make further enquiries about the plan, noting that he was not sure that such plan was on the cards yet as the two companies may not be compatible for such merger .