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Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN - Travel - Nairaland

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Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by zik4ever: 5:33pm On Apr 20, 2016
Arik Air’s business activities were on Wednesday disrupted by members of several aviation unions over an alleged N12.4 billion debts owed the Federal Airport Authority of Nigeria (FAAN).
According to report, several passengers were left stranded at the General Aviation Terminal (GAT) of the Murtala Muhammed Airport as placard-carrying unionists frustrated the operation of the airline as early as 6.30am.

Some stranded passengers were seen demanding a refund from the airline staff while others were making alternative arrangements on how to be able to depart for their destinations.

The Nigerian Travel Flight Deck reports that the union members said they resorted to blocking the airline from operating this morning after years of negotiation with the airline over the debt failed to yield any result.

Some of the placards had inscriptions such as: ‘Arik pay your 12.4bn debt’, ‘FAAN can no longer pay salaries, pension, staff claims due to your debt.’ “Debtors pay all you owe FAAN now.’ ‘Arik if you can’t pay don’t fly’, “Arik pay your debt, 12.4bn is too much.’

The General Secretary of the National Union of Air Transport Employees (NUATE) Olayinka Abioye, said in a statement that: “We are engaged in picketing exercise against Arik Air over its indebtedness to FAAN in the sum of N12.5b”.

FAAN’s spokesperson, Yakubu Datti, confirmed the picketing of the airline but could not provide further details.

The spokesperson of Arik Air, Ola Banji, said it was spurious for FAAN to claim it’s been owed N12.4 billion.


http://dailypost.ng/2016/04/20/arik-air-shut-down-as-unions-protest-n12-4bn-debt-it-owed-faan/

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by Keneking: 7:32pm On Apr 20, 2016
Just sell off the aircrafts ....that is it

7 reasons why they cant pay:

1. Existing liabilities: debt owed banks, suppliers, FAAN etc is massive.I am sure the cake and water supplied for inflight entertainment would be debts.

2. Profitability: Most of their routes are not lucrative.

3. Competition:stiff competition especially from Peace, Dana, Aero, Flynation, others on lucrative routes of Abuja and Lagos is affecting them. The space in international route is also competitive esp. London and SA.

4. Huge cost of operations

5. Huge maintenance cost

6. Expensive corporate lifestyle

7. Low customer satisfaction and poorly motivated personnel.

There should be turnaround as soon as possible and I would recommend a new management and restructuring.

Where is lalasticlala sef?

18 Likes 2 Shares

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by Zehner(f): 8:38pm On Apr 20, 2016
Food Don ready!

1 Like

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by prinsam30(m): 8:39pm On Apr 20, 2016
problem left, right, back and center

1 Like

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by seunny4lif(m): 8:39pm On Apr 20, 2016
cheesy grin
2016 grin grin
Watching on 6D grin

1 Like

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by hemartins(m): 8:39pm On Apr 20, 2016
Arik shouldn't have been caught in this mess If they have been paying by installment.

Wait o.
What am I even saying?

Who is Arik?

Did he help anyone?

2 Likes

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by dollaflow(m): 8:40pm On Apr 20, 2016
ok
Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by Kreamie(m): 8:40pm On Apr 20, 2016
Show me a company that's not owing anyone

2 Likes 1 Share

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by brunofarad(m): 8:41pm On Apr 20, 2016
Ok
Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by Sunnycliff(m): 8:41pm On Apr 20, 2016
God pity this nation abeg! Too much wahala associated with this administration from all angles?

Is PMB associated with negativism?

7 Likes 1 Share

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by seunny4lif(m): 8:41pm On Apr 20, 2016
Waiting for wailers and APC members to start romance mention grin grin

1 Like

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by shockwave(m): 8:43pm On Apr 20, 2016
Hmmmm orishirishi na e we go see for this naija! Make dem pay up sha about make dem give up the company for better managers!
Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by Nobody: 8:43pm On Apr 20, 2016
my favourite embarassed
Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by AmeLonRo(m): 8:44pm On Apr 20, 2016
Air travel in Nigeria na wa o. First page ko?
Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by AmeLonRo(m): 8:44pm On Apr 20, 2016
Air travel in Nigeria na wa o.
Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by OShepherd(m): 8:44pm On Apr 20, 2016
Y picketing here & dere? Strikes here & dere? Baba do somthing b4 one would wake up 2 find out every sector of d economy has been shutdown & d next thing is Gunshots! Bombs! Bellows of smokes, hues&cries showing Naija has been shutdown completely! Baba do something oooooo!
Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by opalu: 8:45pm On Apr 20, 2016
Two highly regulated Businesses I hate to venture into:- AIRLINES AND BANKING.
I hail all Entrepreneurs who are in this sectors. I hail all of una. (I mean the Owners not employees in Aviation or in bank that you ask their occupation and they say "I'm a Banker))

4 Likes

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by anonimi: 8:45pm On Apr 20, 2016
Very good.
We need to protest more against these SLAVERY practices by our elites.
Time to end LAWLESSNESS in our country.
Every worker deserves his WAGES.

1 Like 1 Share

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by Pakingzzz(m): 8:46pm On Apr 20, 2016
Learn To Build Transformer Inverter Or
Transformerless Inverter In 2weeks.
Here: http://www.nairaland.com/2392041/learn-build-transformer-inverter-transformerless
Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by nextstep(m): 8:47pm On Apr 20, 2016
Arik... always disappointing people...

2 Likes

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by AmeLonRo(m): 8:47pm On Apr 20, 2016
Kreamie:
Show me a company that's not owing anyone

But when gbese is too much its not good!

1 Like

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by truthspeaks: 8:47pm On Apr 20, 2016
Buhari sef grin

1 Like

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by bigheart2013(m): 8:47pm On Apr 20, 2016
If you criticize things happening in Nigeria, pseudo-nationalists who live in Nigeria and benefit from the rot will come for your head. There's practically nothing Nigerians can manage well. Work ethics is zero, we are proud and arrogant only on wrong and negative things - fraud, corruption, shameful materialism, etc. Look at even how our own style of blogging has killed professional journalism. Look at our lives!! Good!!!.....Abeg make una carry go jare.

5 Likes 1 Share

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by Equalizer(m): 8:47pm On Apr 20, 2016
Poor management has really dealt with arik air.. could still remember around 2011 when they were waxing strong and maintains the speed became a big job fur them.. Well, while fly danfo when you have brand new peace air for you to fly with... lol

3 Likes

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by Ayowumie(m): 8:48pm On Apr 20, 2016
Arik Airline - an over-rated air service provider.

There is just too many uncertainties in this country called Nigeria.

1 Like 1 Share

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by fuadnero(m): 8:57pm On Apr 20, 2016
Nawa o, didn't the passengers pay for their flight charge?
Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by stteejax(m): 8:59pm On Apr 20, 2016
The only union I love is Western Union grin

3 Likes

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by JingoOAU(m): 9:00pm On Apr 20, 2016
This is the most useless excuse I've ever heard of in my life...so because of Arik debt, you folks were unable to pay salaries?

I know for sure that despite the fact that FAAN is a revenue generating agency, FG is still giving them 70percent of their revenue in form of subsidy.

They should tell us where the money they stole is hidden...

Arik is d most useless airline in nigeria.

They are even owing NAMA over 1billion naira for navigation charges...if u threaten them, they also threaten you with a phone call from Abuja

4 Likes

Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by JingoOAU(m): 9:09pm On Apr 20, 2016
Equalizer:
Poor management has really dealt with arik air.. could still remember around 2011 when they were waxing strong and maintains the speed became a big job fur them.. Well, while fly danfo when you have brand new peace air for you to fly with... lol
thecount
Arik air boast of the best aircrafts in the country...most of their aircrafts were purchased directly from Boeing...Air Peace aircrafts are even worse than danfo cos dey are nothing less than 20years old
Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by rawtouch: 9:10pm On Apr 20, 2016
That's our budget for two years

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