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    MarketForces Africa » MarketForces News » NCAA Permits Arik Air to Operate Remaining Fleet

    NCAA Permits Arik Air to Operate Remaining Fleet

    Olu AnisereBy Olu AnisereAugust 3, 2024 News No Comments1 Min Read
    NCAA Permits Arik Air to Operate Remaining Fleet
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    NCAA Permits Arik Air to Operate Remaining Fleet

    The Nigeria Civil Aviation Authority (NCAA) says it has not suspended or halted Arik Air’s flight operations, which continued as scheduled and did not affect the airline’s ability to operate remaining fleet.

    This is contained in a statement signed by Mr Michael Achimugu, the NCAA Director of Public Affairs and Consumer Protection, on Friday in Abuja.

    According Achimugu, NCAA is duty-bound to comply with court order attaching Arik Air’s aircraft (5NMJF; 5NMJQ; 5NBKX) following determination of its case at the Supreme Court and to ensure compliance with regulatory and safety standards.

    “Nigeria Civil Aviation Authority (NCAA) refers to the grounding of three (3) Arik Air aircraft following a Court Order/Attachment.

    “It is important to clarify that the action does not include the suspension of Arik Air’s overall operations by either the NCAA or the Federal Ministry of Aviation and Aerospace Development as claimed in some quarters.

    “We appreciate the public’s understanding and patience as Arik Air works through this situation with minimal disruption,” it said. #NCAA Permits Arik Air to Operate Remaining Fleet

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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