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Ten Nigerian airlines meet re-capitalisation deadline
Last updated: 1 November 2014

published: 30 APR 2007
by Harro Ranter, ASN

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Ten Nigerian airlines may have successfully met the recapitalisation deadline which deadline expires April 30.
The airlines that succeeded were Chanchangi, Aero Contractors, Arik, Bellview, Virgin Nigeria, Overland, Associated Airlines, Capital and three others. A.o. Sosoliso and Aviation Development Company (ADC) did not make it. Both were grounded since October 2006 following their inability to pay stipulated compensation to the families of passengers who died in accidents involving their airlines. (Nigerian Tribune)