22 September, 2012

Minister of Aviation to sue Arik Air



Minister of Aviation, Stella Oduah, has described as spurious and wicked, allegations from Arik that the agencies and unions picketed it because she demanded a five per cent equity holding in the airline.
Arik’s managing director, Chris Ndulue, at a press conference on Thursday alleged that the Ministry of Aviation’s hostility against Arik was on account of an alleged equity demand by the minister which it claimed to have turned down.
But the minister’s spokesman, Joe Obi, said: “The first impulse is to totally ignore this groundless falsehood, except that it will send the wrong signals to the general public.
“The five percent equity story is without any foundation whatsoever. It is absurd, malicious and ultimately laughable. The minister could not have contemplated acquiring a stake in any airline, let alone Arik Air that is groaning from a crippling N85.4 billion debt overhang.”
According to him: “The minister has directed her lawyers to seek legal redress for this malicious allegation by Arik Air.”

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