Nigeria’s largest airline, Arik Air, which has been struggling for months, has been taken over by the Asset Management Corporation of Nigeria (AMCON), a company originally set up by the Nigerian government in 2010 to help with troubled local banks. Starting immediately, Arik Air will be managed by a government-appointed official, AMCON announced. The move,…

via Nigeria’s government is taking over the country’s largest airline to try and save its aviation industry — Quartz


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