{"id":396076,"date":"2026-08-26T10:45:10","date_gmt":"2026-08-26T10:45:10","guid":{"rendered":"https:\/\/www.europesays.com\/africa\/396076\/"},"modified":"2026-08-26T10:45:10","modified_gmt":"2026-08-26T10:45:10","slug":"shareholders-of-nigerias-arik-air-query-b737-dismantling","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/africa\/396076\/","title":{"rendered":"Shareholders of Nigeria’s Arik Air query B737 dismantling"},"content":{"rendered":"

Shareholders of Arik Air<\/a> (W3, Lagos<\/a>) have demanded an explanation from the airline’s receiver manager over the apparent dismantling of a B737-700<\/a> at Lagos<\/a>, questioning the aircraft’s identity, ownership, legal status, and the authority for the work, according to reports by local newspapers Punch and The Guardian.<\/p>\n

Arik Air has remained under the receivership of the Asset Management Corporation of Nigeria (AMCON) since 2017, with receiver manager Oluseye Opasanya holding overall legal and asset-management control of the airline, including decisions on aircraft and creditors.<\/p>\n

In an August 17, 2026, letter signed by major shareholder Johnson Arumemi-Ikhide, the shareholders challenged the dismantling of the B737-700 after it was sold to recover debt linked to Arik Air, specifically an alleged obligation to Nigeria’s Access Bank, the country’s largest commercial bank.<\/p>\n

The shareholders questioned the handling of the airline’s assets under receivership. They demanded that Opasanya disclose the aircraft’s registration and ownership records; the legal authority for selling and dismantling it; evidence of Access Bank’s alleged security interest over the aircraft and engines; whether that security actually covered the aircraft or its components; and if the disposal complied with ongoing court and investigative proceedings.<\/p>\n

The receiver’s position, as reported by The Guardian, was that the aircraft was sold after the necessary legal procedures had been completed. <\/p>\n

According to ch-aviation data, Arik Air’s fleet includes four B737-700s, of which three are stored and one is in repair. <\/p>\n

Shareholders have been in a long-running legal dispute<\/a> with AMCON over Arik Air\u2019s financial obligations and the status of its aircraft and other assets. <\/p>\n

The latest controversy follows an earlier case<\/a> where the Federal High Court in Lagos authorised parties connected to Export Development Canada<\/a> to take custody and dismantle a CRJ1000ER<\/a>, 5N-JEE (msn 19037), formerly operated by Arik Air.<\/p>\n

ch-aviation has contacted AMCON for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"Shareholders of Arik Air (W3, Lagos) have demanded an explanation from the airline’s receiver manager over the apparent…\n","protected":false},"author":2,"featured_media":396077,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[45],"tags":[2632,2640,2628,122,2638,2636,2635,2631,2637,2625,2639,2626,2633,2634,2629,2627,2630],"class_list":["post-396076","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria","tag-aircraft-orders","tag-alliances","tag-new-routes","tag-nigeria","tag-operator-acquisition","tag-operator-bankruptcies","tag-operator-bankruptcy","tag-operator-fleet-news","tag-operator-merger","tag-operator-news","tag-operator-partnership","tag-operator-route-network","tag-operator-start-up","tag-operator-start-ups","tag-route-cancellations","tag-route-network-changes","tag-strategic-fleet-developments"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@africa\/117161408773450711","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/396076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/comments?post=396076"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/396076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media\/396077"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media?parent=396076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/categories?post=396076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/tags?post=396076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}