Arik Air shuts down

Nigerian Arik Airline Shuts Down Operations As It Fuel Suppliers And Insurers Withdraw Services | Sahara Reporters https://t.co/KPBcUEOO1P

— Sahara Reporters (@SaharaReporters) September 13, 2016

A report by Saharareporters, reads: “Hundreds of air travellers booked on Nigerian Arik airline are currently stranded across the country, following the inability of the airline to airlift them to their destinations in Nigeria, West Africa and other routes, since morning.

SaharaReporters learnt that the massive debts of the airline to major oil marketers who regularly supply aviation fuel is partially responsible for the current situation of the airline. .
A source told our reporters that in addition to the airline’s inability to buy for fuel, its insurers in Europe and elsewhere had withdrawn insurance cover from the airline forcing the airline to stop flight operations altogether. .

A source close to the oil marketers said that the airline is a bad debtor as it currently owes at least N3bn to all its suppliers, a situation, which has made them not to supply Jet A1 to the airline. The sordid situation may also affect the airline’s long-haul operations to London and New York.”