Skip to main content

Arik Air becomes member of International Air Transport Association

Arik Air, Nigeria’s largest commercial airline, has formally been announced as the International Air Transport Association’s (IATA) newest member. The IATA membership follows one year after Arik satisfied the requirements to be registered on the IATA Operational Safety Audit’s (IOSA) register. Becoming a member of IATA affords an airline a host of interlining and code-share opportunities. Arik has already opened interline agreements with Hahn Air and Emirates and is currently speaking with a number of international carriers on code-share arrangements. Arik has also joined up to the IATA Billing & Settlement Plan (BSP) for Nigeria and Central and West Africa. Despite reports to the contrary last week, IATA have confirmed that Arik was not suspended from the IATA BSP. Dr Michael Arumemi-Ikhide, Group CEO & President Arik Air, commented “Joining IATA is a huge achievement for any airline so needless to say we are very proud of the endeavor it has taken and success we have achieved in reaching this landmark at only five years of age. Unfortunately we had to handle a lot of inaccurate reports and maligned press about Arik being suspended from the BSP or having been suspended from IATA last week, so we are happy to quash these negative reports now and inform everybody that we are in fact only formally announcing our membership today. “The membership provides us the ability with which to link our markets, products and services to the rest of the world via partnerships and associations and we are keen to do so. Consolidating our position in West and Central Africa is the key strategy for the airline going forward and we are well placed to work with other carriers who similarly view the region as an opportunity to develop a cohesive and safe network.”

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of