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Arik Air
Arik Air is a Nigerian airline operating mainly from two hubs at Murtala Muhammed International Airport in Lagos and Nnamdi Azikiwe International Airport in Abuja. Arik Air's head office is the ''Arik Air Aviation Center'' on the grounds of Murtala Muhammed International Airport in Ikeja. Arik Air serves a network of regional and mid-haul destinations within Africa. History Early years The company was created in 2004 by Joseph Arumemi-Ikhide from the ashes of Nigeria Airways, which was liquidated in 2002. In August 2006, the Federal Ministry of Aviation granted Arik Air authorisation to fly to Trinidad and Tobago in the Caribbean and Amsterdam, London and Madrid in Europe. Furthermore, the airline then planned to fly to Atlanta, Miami, and Houston in the United States and Birmingham in the United Kingdom. On 4 April 2008, Arik Air was given permission to fly to the United States by the US Department of Transportation. Arik Air started international operations to London-Hea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Management Corporation Of Nigeria
Asset Management Corporation of Nigeria (AMCON) is a body established by the Act of the National Assembly of Nigeria in July 2010 with an intended 10 years lifespan. The concept is in consonance with the operation of the National Asset Management Agency of the Republic of Ireland and Malaysia Pengurusan Danaharta. The body acted as the buyer of banks for the Nigerian Government by acquiring the non-performing loans (NPL). The original book value of the acquired NPLs was ₦4.02 trillion at a price of ₦1.76 trillion with a commensurate issue of Zero Bond for the NPL acquired. Background As a result of the 2008 financial crisis and domestic events, the federal government of Nigeria through the operation of Central Bank of Nigeria conceptualized the idea for the establishment of a body that will mitigate the 2008 financial crisis. At the time of the establishment of this corporation, the body identified 10 banks with crisis in system asset and responded by the injection of ₦736 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Department Of Transportation
The United States Department of Transportation (USDOT or DOT) is one of the executive departments of the U.S. federal government. It is headed by the secretary of transportation, who reports directly to the president of the United States and is a member of the president's Cabinet. The department's fiscal year 2022–2026 strategic plan states that its mission is "to deliver the world's leading transportation system, serving the American people and economy through the safe, efficient, sustainable, and equitable movement of people and goods." History In 1965, Najeeb Halaby, was granted authority over aviation and railroads through the commerce clause of the Constitution, the Federal Highway Administration and Federal Transit Administration primarily provided funding for state and local projects, without significant influence over road construction and operation. Halaby emphasized the need for improved coordination and expressed frustration at the lack of an overall plan. "O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aero Contractors (Nigeria)
Aero Contractors Company of Nigeria Limited, known as Aero Contractors or simply Aero, is a state-controlled Nigerian airline company based at Murtala Muhammed International Airport in Ikeja, Lagos State, Nigeria. Furthermore, it operates helicopter services and fixed wing domestic and international scheduled passenger services, air charter and third party aircraft operations, largely in support of Nigeria's extensive oil and gas industry. History Aero Contractors was formed in 1959 and officially registered in Nigeria in 1960. At that time, it was a wholly owned by Schreiner Airways B.V. of the Netherlands. It became a company with initially 40% Nigerian holding in 1973 and subsequently 60% in 1976, anticipating the requirements of the Nigerian Enterprises Promotion Decree of 1977, also known as the indigenization decree. In January 2004, Schreiner Airways was bought by CHC Helicopter (CHC), which acquired a 40% holding in Aero, while the 60% majority share remained with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Clayt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KPMG
KPMG is a multinational professional services network, based in London, United Kingdom. As one of the Big Four accounting firms, along with Ernst & Young (EY), Deloitte, and PwC. KPMG is a network of firms in 145 countries with 275,288 employees, affiliated with KPMG International Limited, a private English company limited by guarantee. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. KPMG has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. In the 21st century, various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits. History Early years and mergers In 1816, Robert Fletcher started working as an accountant and in 1839 the firm he worked for changed its name to Robert Fletcher & Co. William Barclay Peat join ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Too Big To Fail
"Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected with an economy that their failure would be disastrous to the greater economic system, and therefore should be supported by government when they face potential failure. The colloquial term "too big to fail" was popularized by U.S. Congressman Stewart McKinney in a 1984 Congressional hearing, discussing the Federal Deposit Insurance Corporation's intervention with Continental Illinois. The term had previously been used occasionally in the press, and similar thinking had motivated earlier bank bailouts. The term emerged as prominent in public discourse following the 2008 financial crisis. Critics see the policy as counterproductive and that large banks or other institutions should be left to fail if their risk management is not effective. Some critics, such as economist Alan Greenspan, believe that such lar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 787 Dreamliner
The Boeing 787 Dreamliner is an American wide-body airliner developed and manufactured by Boeing Commercial Airplanes. After dropping its unconventional Sonic Cruiser project, Boeing announced the conventional 7E7 on January 29, 2003, which focused largely on efficiency. The program was launched on April 26, 2004, with an order for 50 aircraft from All Nippon Airways (ANA), targeting a 2008 introduction. On July 8, 2007, a prototype 787 without major operating systems was rolled out; subsequently the aircraft experienced multiple delays, until its maiden flight on December 15, 2009. Type certification was received in August 2011, and the first 787-8 was delivered in September 2011 and entered commercial service on October 26, 2011, with ANA. At launch, Boeing targeted the 787 with 20% less fuel burn compared to aircraft like the Boeing 767. It could carry 200 to 300 passengers on point-to-point routes up to , a shift from hub-and-spoke travel. The twinjet is powered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 747-8
The Boeing 747-8 is the final series of the large, long-range wide-body airliners in the Boeing 747 family from Boeing Commercial Airplanes. It is the largest model variant of the 747 and Boeing's largest aircraft overall. Following the introduction of the 747-400, Boeing explored larger 747 versions as potential competitors to the proposed double-deck Airbus A3XX, later developed as the Airbus A380. The stretched aircraft, initially called the ''747 Advanced'' was officially launched as the 747-8 on November 14, 2005, with the designation reflecting its technological ties to the 787 Dreamliner. At the time, Boeing forecasted a market of 300 aircraft. The 747-8's maiden flight was made by the freighter version, the 747-8F, on February 8, 2010, followed by the passenger version, the 747-8I Intercontinental, on March 20, 2011. The freighter version was delivered in October 2011, and the passenger variant entered commercial service in June 2012. The aircraft's fuselage was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 777
The Boeing 777, commonly referred to as the Triple Seven, is an American long-range wide-body airliner developed and manufactured by Boeing Commercial Airplanes. The 777 is the world's largest twinjet and the most-built wide-body airliner. The jetliner was designed to bridge the gap between Boeing's other wide body airplanes, the twin-engined 767 and quad-engined 747, and to replace aging DC-10 and L-1011 trijets. Developed in consultation with eight major airlines, the 777 program was launched in October 1990, with an order from United Airlines. The prototype aircraft rolled out in April 1994, and first flew that June. The 777 entered service with the launch operator United Airlines in June 1995. Longer-range variants were launched in 2000, and first delivered in 2004. The Triple Seven can accommodate a ten–abreast seating layout and has a typical 3-class capacity of 301 to 368 passengers, with a range of . The jetliner is recognizable for its large-diameter tur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arik Niger
Arik Niger was the Nigerien subsidiary of Arik Air based in Niamey, Niger. Founded in 2009, the airline suspended operations in February 2010. Destinations Arik Niger served the following destinations from Niamey before ceasing operations: *Benin **Cotonou - Cadjehoun Airport *Niger **Agadez - Mano Dayak International Airport ** Maradi - Maradi Airport **Niamey - Diori Hamani International Airport Base **Tahoua - Tahoua Airport **Zinder - Zinder Airport *Nigeria **Abuja - Nnamdi Azikiwe International Airport **Kano - Mallam Aminu Kano International Airport Fleet Arik Niger operated the following aircraft: *2 - Fokker 50 (Leased from Denim Air Denim Air ACMI B.V. was a Dutch charter airline based in Mijdrecht. It provided ACMI wet lease services to other airlines. Its main base was Amsterdam Airport Schiphol. It was wholly owned by Sky Greenland and had 50 employees in January 2016. ...) References External linksArik Niger [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai
Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the List of cities in the United Arab Emirates#Major cities, most populous city in the United Arab Emirates and the capital of the Emirate of Dubai. It is located on a Dubai Creek, creek on the south-eastern coast of the Persian Gulf, Persian Gulf. As of 2025, the city population stands at 4 million, 92% of whom are Expatriates in the United Arab Emirates, expatriates. The wider urban area includes Sharjah and has a population of 5 million people as of 2023,https://www.demographia.com/db-worldua.pdf while the Dubai–Sharjah–Ajman metropolitan area counts 6 million inhabitants. Founded in the early 18th century as a Cultured pearl, pearling and fishing settlement, Dubai became a regional trade hub in the 20th century after declaring itself a f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York JFK
John F. Kennedy International Airport is a major international airport serving New York City and its metropolitan area. JFK Airport is located on the southwestern shore of Long Island, in Queens, New York City, bordering Jamaica Bay. It is the busiest of the seven airports in the New York airport system, the sixth-busiest airport in the United States, and the busiest international commercial airport in North America. The airport, which covers , is the largest in the New York metropolitan area. Over 90 airlines operate from JFK Airport, with nonstop or direct flights to destinations on all six inhabited continents. JFK Airport is located in the Jamaica neighborhood of Queens, southeast of Midtown Manhattan. The airport features five passenger terminals and four runways. It is primarily accessible via car, bus, shuttle, or other vehicle transit via the JFK Expressway or Interstate 678 (Van Wyck Expressway), or by train. JFK is a hub for American Airlines and Delta Air Line ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
