in Business & Finance

Arik Air board takes legal action over AMCON takeover

Posted 4 April 2017 · Add Comment

An objection has been filed in the Federal High Court in Lagos about the take over of Arik Air by the state-owned Asset Management Corporation of Nigeria (AMCON), reports ch-aviation.

The objectors claim that there is a conflict of interest in the appointment of the receiver manager. The action comes just a week after the airline was effectively shut down by employees who accuse the new management of being hostile to unions.

Arik Air was placed into the hands of lawyer Oluseye Opasanya after its take over by AMCON in February, and an injunction was secured to prevent any interference in Opasanya's management of the airline. The objection claims that Opasanya, who works for law firm Olaniwun Ajaya LP, is acting in an unprofessional manner. The conflict of interest apparently arises from the fact that the lawyer who is representing AMCON, Kayinsola Ajayi, also works for the same firm.

Ajayi has rejected the claim, stating that there is a distinction between a lawyer, and the law firm for which they work. He also claims that the four objectors – which includes the chairman of Arik Air's board, its managing director, CEO and another director – are interlopers and not party to the suit.

Meanwhile, relations between Arik Air's employees and Opasanya are also strained. Union members claim they have been treated in an uncivilised manner with Opasanya walking out on meetings. News site Naij reports that union representatives were escorted out by bodyguards. Members of the National Union of Air Transport Employees (NUATE), Air Transport Services Senior Staff Association of Nigeria, and the National Association of Aircraft Pilots and Engineers staged a protest on Thursday March 23, saying that the airline's management had failed to reinstate sacked staff.

One employee who contacted ch-aviation said that staff on international services were effectively retrenched on February 20, however no information about a retrenchment package has been communicated to them. "We were never paid for February," the informant said. "No retrenchment letters have been issued to the staff."

* required field

Post a comment

Other Stories
Advertisement
Latest News

SAA retains 4-Star Skytrax ranking

South African Airways (SAA) has maintained a 4-Star Skytrax ranking, in both Business and Economy Class, for a 16th consecutive year.

Aviation Africa 2018: Cyber security: Not if, but when

An airline’s greatest cyber-security threat may also be its most precious asset – its staff – according to panellists speaking at Aviation Africa in Cairo. Victoria Moores reports.

Aviation Africa: MROs eye tremendous market in Africa

Speaking at the Aviation Africa MRO panel Hisham Ali, consultant to the Chairman of Egypt Air, said that African MRO market is growing. Africa represents four percent of the global 25,368 fleet and 3.9 percent of global 75.6 billion USD

Aviation Africa 2018 gets under way in Cairo

The Aviation Africa Summit and Exhibition 2018 is under way in Cairo with over 980 delegates and visitors at the two-day event.

On board with quality

Systems manufacturer Liebherr-Aerospace enjoys an unblemished reputation for quality, thanks to hard work, continuous investment and a long-term vision. Chuck Grieve has been finding out more.

Airbus pushes mission-critical standard solutions for 5G networks

Airbus will intensively contribute to the next steps in finding a global standard for mission-critical multimedia group communication.

TAA SK0902311218
See us at
AirCargoAFA_BT220318210219AAD2018 BTGlobal Aerospace BT010518