'Patently false' -- Arik Air denies allegations of paying '$40m duty waiver' to customs | TheCable

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'Patently false' -- Arik Air denies allegations of paying '$40m duty waiver' to customs | TheCable
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Nigeria's independent online newspaper

Arik Air has denied allegations of paying $40 million duty waivers to the Nigeria Customs Service as well as the illegal sales of three aircraft.

The airline said the “click-bait of $40 million duty waiver” should be ignored, adding that the duties are paid in naira.Arik Air said the use of inflated and unsubstantiated sums in newspaper headlines has been part of a strategy to tarnish its reputation. “It was Johnson who pledged various Arik Aircraft and engines to various local and international lenders, possibly in violation of the terms of the waivers,” the airline said.

The aviation firm added that the Cape Town convention intends to give international assurance to the effect that where a debtor defaults in the payment of loans or leases over a plane, the creditor can easily take possession of the plane.In a separate letter, dated June 24, 2014, Arik noted that an irrevocable de-registration and export request authorisation was issued by the Nigeria Civil Aviation Authority on the CRJ 900 aircraft.

“EDC confirmed in a letter dated April 21, 2023, that they sold the two CRJ900 aircraft. The decision to sell was made by EDC, not the receivership team of Arik,” the airline added.

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