text: We Are Focused On Our Recovery Mandate, Not On Armchair Critics Of AMCON – Nwauzor – Newsbits NG
  The takeover of Arik and Aero by Asset Management Corporation of Nigeria (AMCON) has two classes of followers; a larger majority who sing the praises of the government agency for stepping in to rescue the airlines and a few who oppose AMCON. But as the arguments for and against continue, MR. JUDE NWAUZOR, Head of Corporate Communications at AMCON and a seasoned journalist in this interview with our correspondent insists that the voice of the opposition regarding AMCON intervention in Arik and Aero must be ignored because their arguments cannot stand to reason…excerpts
  The most important fact is that AMCON's intervention in Arik and Aero has gone a long way to stabilise the airlines. The move as you are aware ensured that the airlines continue to provide critical services to the public thereby contributing to the country's growth. AMCON's intervention in those airlines if I must say it again, was timely and vital to the economy and growth of the two entities. For me, and please this is my personal opinion, the question should not be about when AMCON would exit, I think Nigerians should be more interested in what would be of the airlines at the time of our exit. AMCON as far as you want to know have positioned the two airlines on the path to recovery and profitability with thousands of jobs both directly and indirectly saved.
  That is not and can never be the true position. In as much as AMCON will not join issues with the aviation unions or anybody for that matter, it is not good to mislead the general public with highly deceptive comments such as that. Thank God you said in your question that AMCON took over the airlines "…when they were going under…." To begin with, if people can be sincere enough to look at things from a logical perspective, it takes money to keep something that is going under afloat. We know how capital intensive the business of aviation is so it is not possible to take over two airlines at the time we did without capital injection. It is not just possible.
  Recall that the time AMCON took over Arik for instance most of the aircraft in the fleet were grounded, while others were on maintenance checks. There were backlog of unpaid salaries and all sorts of monies owed to other creditors among other factors. All that is history now because Arik has more fleet, backlog of salaries paid and the airline is running very well. You cannot achieve all that without injecting funds. It takes funds to rehabilitate grounded aircraft and put them back into operations. We have also injected funds in Aero, and over the period, the story has changed to positive, which was why the airline recently upgraded its Maintenance, Repair and Overhaul (MRO) facility at the domestic wing of Murtala Muhammed Airport in Ikeja, Lagos. In fact if you recall, they completed the first C-check on a Boeing 737-500 series at that facility earlier this year – in January to be precise. So it is wrong for the unions to make false declarations that cannot stand to truth or logic.
  Maybe the people who hold such opinions are better placed to answer that question. But one thing I know is that AMCON has saved two biggest airlines in the country from going under. Nobody can ignore that fact. However, it is not yet uhuru because it is still work in progress for us and all stakeholders who mean well for Aero and Arik. However, we are also in a democracy and people are entitled to their opinions no matter how crude, unguarded, rude, uncut or misleading. You cannot shut them up. But a forward-looking management that I serve at AMCON is determined to deliver the best for Nigeria and Nigerians as far as our recovery mandate is concerned. Therefore they are not deterred by side comments, especially when it comes from armchair critics who do not know what it takes to manage a difficult business such as an airline. So AMCON does not respond to mischief-makers and armchair critics because we are focused on our recovery mandate, which is a very difficult assignment, so we do not have spare time for armchair critics. Having said that, I must add here that we are a transparently open organization whose activities are guided by law and we act and will continue to act accordingly.
  That is partly what I meant when I said it is not yet uhuru and it is still work in progress. Well I cannot give you a clear cut date of Arik's return to those destinations. That would be a serious business decision of management when the time is right. However, I am aware they weighing all the credible options and would make a strategic pronouncement in that regard, which I am sure will benefit Arik and all stakeholders when that decision is taken. I promise you will be the first to know.