► NIGERIA: Jimoh Ibrahim says Air Nigeria will resume ops but only under new ownership.

Air Nigeria (VK) could make a return to the skies, albeit under new ownership and management, the current CEO of the airline, Mr Jimoh Ibrahim, has stated. Speaking on the tenth anniversary of the founding of his group of companies, Global Fleet, Mr Ibrahim said his board of directors would meet over the coming week to discuss the future of the airline, which ceased operations in September 2012.

► NIGERIA: Air Nigeria calls it quits as Dana Air's licence is reinstated.

On a day of two contrasting fortunes,  Jimoh Ibrahim's troubled venture Air Nigeria (VK), having teetered on the brink of collapse for some time, is to call it quits from 10 September 2012 following months of uncertainty in which leased aircraft were ceased, company directors arrested and allegations of safety oversights and tax evasion.

In a statement, the company's management blamed the suspension of operations on "staff disloyalty and a weak business environment" though remained resolute in the possibility of returning to viability next year by retaining 50 "loyal" members of staff from various departments, selected with a mandate to recommence operations within 12 months. All other employees however, had been laid off effective from their last day of work on their various routes.