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Showing posts with label Aviation Intervention Fund. Show all posts
Showing posts with label Aviation Intervention Fund. Show all posts

Tuesday, August 20, 2013

■ NIGERIA: AMCON confirms appointment of new CEO, CFO at Aero.

The Nigerian government's Asset Management Company of Nigeria (AMCON)'s Chief Executive Officer (CEO) Mr. Mustafa Chike-Obi has confirmed the appointment of a new Chief Executive Officer (Mr Hugh Fraser) and a new Chief Financial Officer to Aero (AJ), also known as AeroContractors. Mr Fraser is understood to have been in the position since May.

Thursday, January 3, 2013

■ NIGERIA: Government to forge ahead with plans to buy 30 aircraft for use by local operators.

NigeriaThe Federal Airports Authority of Nigeria (FAAN) has announced a Nigerian government initiative to buy 30 aircraft as part of its plans to improve viability and safety in the local industry. Funding is to come via the USD1billion (NGN300billion) Aviation Intervention Fund set up by government and disbursed by the Central Bank of Nigeria (CBN) in conjunction with Bank of Industry (BOI).