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Nigeria's Arik Air: these guys are worth watching

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I met the chairman of Arik Sir Joseph Arumemi-Johnson and his son Dr Michael Arumemi-Ikhide, the leading lights of this Nigerian carrier, at Farnborough in July, and good value they were too. By that I mean a good story.

At the show they were confirming and upping orders for Boeings, and talking about refining their own fuel to keep costs low. I liked that story.

A340_500_ARIKAIR_RR copy.jpg 

Now they've ordered the Airbus A340-500, probably one of the most unpopular long-haul aircraft out there at the moment. It has taken over Kingfisher's order for three of the aircraft as it fulfils its long-haul ambitions.

Let's just comment on that deal by saying Arik will have got a good deal and Airbus chief salesman John Leahy can be complimented on his fast footwork to offload some metal that could easily have ended up as whitetails.

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1 Comments

Not sure about white tails, rather red tails - Toulouse did look a lot like Bangalore last Wednesday - 5 Kingfisher A340s, 2 A320s stored without titles with Air France Industries plus one in production, 1 ATR72 in production and one stored with Latecoere.

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