West Africa's leading airline, Arik air has confirmed it's intentions to suspend flight operations, leaving passengers stranded nationwide due to the fact that it is unable to renew it's aircraft insurance.
"Arik Air, West and Central Africa's largest airline has alerted all air travelers of a temporary disruption to its operations, pending approval of aircraft documentation related to insurance renewal. The airline said that it was working around the clock to resolve the necessary documentation, which has been a challenge due to the long weekend holidays due to Ed al Adha.
"This situation is likely to continue for the next few days until such time that NAICOM (National Insurance Commission) approves a waiver on a priority basis for the new insurance company to renew the policy.
By this singular act, Arik Air becomes the third airline to shut down flight operations in Nigeria in the last three weeks, following in the footsteps of Nation Airways and Aero Contractors.