Arik wasted $240m on two A340 planes- AMCON – Daily Trust

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Arik wasted $240m on two A340 planes- AMCON

Managing Director/Chief Executive Officer of the Corporation, Ahmed Kuru, specifically faulted aircraft acquisition without the due diligence of feasibility studies.He said Arik Air which is under its receivership blew $240m on acquisition of two Airbus 340 planes without conducting feasibility study.

 

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... it was discovered that the planes are commercially obsolete”. Simply because the purchase was never made with good intentions beyond corruption to steal. This is enough reason for the owner of Arik airline to be jailed for life!

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