Arik Air: Beyond lame excuses, an exclusive list of debts

Beyond lame excuses, an exclusive list of Arik Air’s many debts and its cronyistic import waiver

22 Sep, 2012

From Omojuwa.com

Arik Air currently owes the following companies and government departments.

Fuel Marketers
AP (FORTE OIL) informed that Arik Air owes it N 769,640,178.86 as at 31st August, 2012.

MRS informed that Arik Air owes it N 527,029,726.99 as at 31st August, 2012.

Total informed that Arik Air owes it N 98,540,452.50 but current transaction account o.k.

SO informed that Arik Air owes it N 66,172,302.50 as at 31st May 2012.

Rent, Landing & Parking/Meavis

N 7, 077, 323,098.18 & $ 35,986.00 debt owed FAAN as at 31st August, 2012.

Status: Debt payment plan with FAAN.

5% Sales Charge N 3, 176,806, 143.72 & $218,852.29 debt owed NCAA as at 31st August, 2012.
Status: Debt payment plan with NCAA.

Ground Handling
(i) NAHCO
(ii) SAHCOL

N 284, 741,133.59 debt owed NAHCO as at 31stAugust, 2012.
N251, 348,267.63 debt owed SAHCOL as at 31st August, 2012.

Navigational Charges N 914, 112,292.28 & $2, 459,099.13 debt owed NAMA as at 31st July, 2012.

Status: Debt payment plan with NAMA

Arik Air is also very much indebted to the Federal Inland Revenue (FIRS) and they are the ONLY airline with custom waiver for spare parts for its air crafts.