published: 30 APR 2007 by Harro Ranter, ASN
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)