The Nigerian Ministry of Aviation has confirmed that Aero and the defunct Air Nigeria will be merged to become part of the new flag carrier, although the federal government will not have any stake in the airline. Due to its debt problems, Arik Air is currently excluded from collaborating to establish the carrier however the airline’s chairman, Chief Joseph Arumemi-Ikhide, has accused the ministry of not involving the airline it is plans. The Asset Management Corporation of Nigeria (AMCON) has acquired the assets and debts of Aero Contractors and Air Nigeria. The new airline will fly 10 Embraer aircraft, including
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