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Nairaland Forum / Nairaland / General / Travel / Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN (12550 Views)
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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). http://dailypost.ng/2016/04/20/arik-air-shut-down-as-unions-protest-n12-4bn-debt-it-owed-faan/
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Re: Arik Air Shuts Down As Unions Protest N12.4bn Debt It Owed FAAN by Nobody: 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: 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 |
2016 Watching on 6D 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 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 |
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: 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: https://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: 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 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 Nobody: 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 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: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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