{"id":16830,"date":"2020-05-29T10:34:35","date_gmt":"2020-05-29T10:34:35","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=16830"},"modified":"2020-05-29T10:34:42","modified_gmt":"2020-05-29T10:34:42","slug":"amcon-seeks-lifeline-for-aviation-industry","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=16830","title":{"rendered":"AMCON seeks lifeline for aviation industry"},"content":{"rendered":"\n
\"COVID-19:<\/figure>\n\n\n\n

The Asset Management Corporation of Nigeria (AMCON)<\/a> is clamouring for a stimulus from the Nigerian government that will help the aviation sector refind financial balance and revive commercial activities in the airline business.<\/p>\n\n\n\n

Aminu Ismail, the corporation\u2019s Executive Director of Operations, who oversees its aviation portfolio, made the recommendation in a statement released by AMCON on Thursday in Abuja.<\/p>\n\n\n\n

He stated that the agency\u2019s efforts were instrumental in the acquisition of almost $1 billion worth of non-performing aviation loans taken by principal Nigerian airlines among which were Arik Air and Aero Contractors.<\/p>\n\n\n\n

Ismail disclosed that\u00a0aviation<\/a>\u00a0accounted for roughly eight per cent of AMCON\u2019s restructuring portfolio even though the corporation\u2019s decision to restructure the airlines\u2019 credit facilities was in the best interest of the sector.<\/p>\n\n\n\n

Government had a dream of restoring balance to airline operations beyond taking over the assets of airline operators in exchange for unpaid debts, Mr Ismail said.<\/p>\n\n\n\n

He called for fresh credit support for the industry to stimulate fleet transformation, business growth, employment generation and job retention.<\/p>\n\n\n\n

Government\u2019s intervention in the sector in the eight years between 2012 and 2020 comes to N50 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Asset Management Corporation of Nigeria (AMCON) is clamouring for a stimulus from the Nigerian government that will help the aviation sector refind financial balance and revive commercial activities in the airline business. Aminu Ismail, the corporation\u2019s Executive Director of Operations, who oversees its aviation portfolio, made the recommendation in a statement released by AMCON on Thursday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[40],"tags":[],"yoast_head":"\nAMCON seeks lifeline for aviation industry » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=16830\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=16830#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aviation\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=40\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"AMCON seeks lifeline for aviation industry\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AMCON seeks lifeline for aviation industry » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=16830","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=16830#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Aviation","item":"https:\/\/watchdogplusmedia.com\/?cat=40"},{"@type":"ListItem","position":3,"name":"AMCON seeks lifeline for aviation industry"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":8,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=40\" rel=\"category\">Aviation<\/a>","rttpg_excerpt":"The Asset Management Corporation of Nigeria (AMCON) is clamouring for a stimulus from the Nigerian government that will help the aviation sector refind financial balance and revive commercial activities in the airline business. Aminu Ismail, the corporation\u2019s Executive Director of Operations, who oversees its aviation portfolio, made the recommendation in a statement released by AMCON on Thursday…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/16830"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16830"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/16830\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}