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Business News of Friday, 17 February 2017

Source: classfmonline.com

Arik suspends flights to London, Jo’burg

Arik Air Arik Air

Arik Air has suspended flights to London and Johannesburg.

In a statement, Arik Air said: “This is to bring to the notice of our travelling public our intention to suspend our international flight operations to enable us find permanent solution facing our passengers as it will enable us to carry out a thorough assessment of the situation.”

Arik Air said the “strategic business decision is meant to realign our operations and refocus on satisfying our domestic, West Africa and other international passengers.”

“It will also present Arik with an excellent opportunity to engage and discuss with creditors who have become restive since the intervention and have also understandably exhausted their patience due to non-payment of accumulated debt and non-performance on services and contracts,” the statement added.

It said consequently, “arrangements are being made to refund all international passengers of the airline that are affected by this decision.”

“To our international creditors, Arik is most grateful for your patience and understanding. We reassure them that all pending issues with the airline will be duly addressed as a matter of priority as we plan to engage them in this regard,” Arik said.

The airline added that the international route is “very critical for the strategic turn around, growth strategy and stability of the airline. Therefore, we intend to revisit the routes immediately, we address all the problems inherited, which are affecting and creating more dissatisfied passenger base. We appeal to all passengers to kindly bear with us as the decision is to ensure that the airline adheres strictly to international aviation best practices.”