FG Gives 2-Week Ultimatum To FAAN, NAMA On Arik Air Indebtedness

The Federal Government has issued a two-week ultimatum to Federal Airports Authority of Nigeria, FAAN, the Nigerian Airspace Management Agency, NAMA, and the Arik Air Group to resolve all 

indebtedness of the airline. This came on a day Arik Air said it had paid the Federal Airport Authority of Nigeria, FAAN, N18.9 billion of its indebtedness to the agency and had resumed
services after Wednesday’s disruption of its operations by unions in the industry. The Minister of State for Aviation, Senator Hadi Sirika, gave the directive at a meeting with the management of Arik Air in Abuja yesterday. He directed the parties to report back to him after the two-week ultimatum, with a resolution on the amounts owed, payment plans and the way forward. The Minister noted that all airline operators must conform to industry rules and regulations, including payment of applicable fees and fines as at when due, stating that the well-being of an airline was measured by its ability to pay for services rendered it.