Many Aviation experts believe that the suggested merger between Arik Air and Aero Contractors as being presented by the Asset Management Corporation of Nigeria, to form the long-awaited National carrier is a disaster waiting to happen.
Especially of the opinion is, Chris Aligbe, an aviation analyst with a hand on the pulse of the industry and CEO of Belujane Konzult Limited.
He firmly believes that “The idea of merging two airlines which proponents have acknowledged are not doing well to form a new national carrier is fraught with so many intractable challenges that will make the product a disaster abinitio
“No healthy and virile establishment can be founded on the back of unhealthy and struggling entities. Will any sensible investor invest in such an establishment?
Where no investors come, such a national carrier will exist on 100 per cent government equity, just like the liquidated Nigeria Airways. Have we so soon forgotten the bane of Nigeria Airways?
In the entire three-year period of due process, Arik and Aero were never in consideration. AMCON’s proposal is, therefore, an unnecessary distraction, and an uncanny step to truncate the Nigeria Air project,”
Earlier in the year Ahmed Kuru, the CEO of the Asset Management Corporation of Nigeria while addressing the National Assembly during his budget defence had demanded that the Minister of Aviation merge the two airlines that are, at present, under the receivership of the debt recovery firm.