Arik Air and Emirate Touch Aviation sign lease agreement

Arik Air, West and Central Africa’s largest airline and Emirate Touch Aviation Services Limited have signed a lease agreement for the airlines two Boeing 737-300 aircraft. The Aircraft, Crew, Maintenance and Insurance (ACMI) agreement was signed in Lagos on Wednesday by the Chairman of Arik Air, Sir Joseph Arumemi-Ikhide and Director General of Emirate Touch Aviation Services, Prince Isa Bayero. Under the terms of the agreement, Arik Air is leasing its two B737-300 aircraft (5N-MJA and 5N-MJB) to Emirate Aviation Services for cargo operations. Speaking at the signing ceremony, Arik Air Chairman, Sir Arumemi-Ikhide said the event was significant because