AMCON Makes Strategic Aviation Intervention

…Chops For Entity To Transfer Aviation Assets

Yemisi Izuora

The Asset Management Corporation of Nigeria (AMCON), said it has approached the aviation authorities in the country seeking a licence for an independent entity where all of its aviation assets would be transferred and efficiently managed in a synergetic manner.

The agency said it currently has more than five airlines in its aviation partfolio among other assets that are scattered all over. The proposed new entity therefore has nothing to do with the rebranding any of the airlines within its portfolio as being speculated in several online publications.q

The objective of AMCON’s intervention in the aviation sector is targeted at supporting the sector, given its importance, save thousands of jobs, make the aviation sector a catalyst for the growth of the Nigerian economy and recover the huge debt owed the Corporation by these aviation entities, according to Jude Nwauzor, Head, Corporate Communications Department.

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