Afrijet Airlines, is set for re-capitalization to shore up its business and re-new its fleet to more modern aircraft. This followed interests shown by a number of investors in injecting huge capitals into the troubled airline.
As a first step to the development, the erstwhile Managing Director of the airline, Captain Berry Noelle, has reportedly disengaged his services from the company.
Pending the re-capitalization of the airline, the Board and Management of Afrijet has approved the appointment of the former Director of Administration of the airline, Ibe Vitalis as the acting Managing Director.
Sources close to the airline said the new investors that would be known in a matter of weeks reserve the right to retain, appoint or inject new blood into the management team that will emerge after the re-capitalization.
NIGERIA MASTERWEB DAILY NEWS - Publish Yourself :: Captain Noelle leaves Afrijet in pre-recapitalization plot