• Tuesday, October 08, 2024
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Arik Air signs lease agreement with Emirate Touch Aviation, appoints new AVP

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Arik Air, West and Central Africa’s largest airline and Emirate Touch Aviation Services Limited have signed a lease agreement for the airline’s two Boeing 737-300 aircraft.

The Aircraft, Crew, Maintenance and Insurance (ACMI) agreement was signed in Lagos by Joseph Arumemi-Ikhide, chairman of Arik Air, and Isa Bayero, director general of Emirate Touch Aviation Services.

Under the terms of the agreement, Arik Air is leasing its two B737-300 aircraft (5N-MJA and 5N-MJB) to Emirate Aviation Services for cargo operations.

Speaking at the signing ceremony, Arumemi-Ikhide said the event was significant because it was the first time the airline was going into such an agreement with a Nigerian company.

“We are pleased with this lease agreement with Emirate Touch Aviation Services represented by our revered Kano Prince, Bayero. As a world class airline, our mission is to build alliances and partnerships and thereby increase capacity in the industry,” he said.

Bayero said he was elated to be going into this partnership with the leading indigenous carrier in Nigeria and hoped this will help increase capacity in the industry as envisioned by the founders of Arik Air.

In another development, the airline has announced Lanre Bamgbose as its associate vice president (AVP), Public & Government Affairs. Until his new assignment, he was the AVP, Business Development & International Affairs.

A pioneer marketing manager of Arik Air, Bamgbose will in his new role, serve extensively to engage all sectors of the economy to build partnerships and cooperation for the Airline.

Joseph

Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more

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