The management of Arik Air on Thursday said it would challenge the taking over of the airline by the Assets Management Company of Nigeria (AMCON) in court.
Ado Sanusi, senior vice-president, Arik Air, made the disclosure at a joint news briefing with Oluseye Opasanya (SAN), the receiver-manager, and Roy Ilegbodu, airline’s technical consultant.
AMCON had taken over the airline following the huge indebtedness of the company to both local and foreign creditors.
However, Sanusi said management of the airline had been served with a valid court order empowering AMCON to take over the affairs of the airline.