Payday at Arik Air
Mistrust in Management
Ghost_Rider737
Yes you are missing something - they pay us, but unfortunately it seems to be always a bit (or a lot) late. Bit like the way they seem to pay for petrol , or anything else for that matter.
Oba1kanobe Your statement is correct as far as Lagos tower stated - however I've since heard that the nav charges were actually paid but that the authorities had lost the record of said payment. I have given up working out who to believe in situations like this.
Anyway the clock is still ticking - no dosh in the bank as of 17:00 today.
Regards
Exeng
Oba1kanobe Your statement is correct as far as Lagos tower stated - however I've since heard that the nav charges were actually paid but that the authorities had lost the record of said payment. I have given up working out who to believe in situations like this.
Anyway the clock is still ticking - no dosh in the bank as of 17:00 today.
Regards
Exeng
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It appears that this is an ongoing problem ar Arik.
You are all well aware of the problem and yet continue to work for free.
As long as you carry on pandering to Arik, they will continue to screw you over at the end of every month.
Arik management have shown their high regard for their workforce so if you want to continue driving their shiny toys around the sky then don't come crying when your pay cheque doesn't arrive.
Vote with your feet, there ARE jobs out there.
You are all well aware of the problem and yet continue to work for free.
As long as you carry on pandering to Arik, they will continue to screw you over at the end of every month.
Arik management have shown their high regard for their workforce so if you want to continue driving their shiny toys around the sky then don't come crying when your pay cheque doesn't arrive.
Vote with your feet, there ARE jobs out there.
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Vote with your feet, there ARE jobs out there.
People leave.... regularly. It will only accelerate as the economy picks up. Getting a job almost anywhere else is preferable to here.
By the way, that includes the local boys AND expats.
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the nav charges were actually paid but that the authorities had lost the record of said payment. I have given up working out who to believe in situations like this.
Arik seems to have a lot of these "situations". I learned this evening that one of the hotels, "H", has begun charging the Arik tenants for food, since Arik hasn't paid the bill.
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Vote with your feet, there ARE jobs out there.
Day 10 and the Bar Beach Rolex is still ticking
what you need to do is fly him through one of those massive CB's between Benin and PH. That should put the fear of God into him. I'm sure he'll sign all the cheque's b4 you land.
Wonder if they finally caught up with the Driver that made away with a few million Naira in $. What a way to get salaries owed and a health cash advance.
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What goes around.......... few months back some chaps here gave some brotherly advise to VK guys to jump ship in the face of Salaries owed some of those guys were from Arik 
LWKMD now see who is working on Credit!!!
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Not Funny
This is not funny at all,and it must be stated as such,Its not fun going through TS's thinking of Pay,This is a gr8 blow to Flight Safety,Flying on an empty stomach is not only a crime against humanity but against your dear selves.God forbid an incident or otherwise,Pilots were flying and thinking of unpaid salaries and school fees of dependants,Think it over and draw the line,takes a lot of courage but safety is number 1,Only the living spend Money
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Tock tick, tick tock, tock tick.
Just read in the news that one airline alone owes one bank N170 billion. The numbers don't lie. That's over a trillion USD. Roughly $1.19 trillion USD. One company. In a country where more than 70% of the people live on less than a dollar a day. And it's got to be either one of two banks -- Zenith or Union Bank. You share my instinct? UB, I think. And SLS says the loan is already shaky and if it goes bad it will pull the bank down.
Damn. I knew something was just not kosher about the way AJ was bringin' em in like it was going out of fashion. A Ponzi scheme works beautifully in different applications. Even airplane acquisitions. Ask Bernie Madoff.
I hope W3 survives. The N500 billion intervention fund is meant to help not just manufacturers and power sector players, but also airlines. Isn't it curious that AJ is involved in the latter two, and stands to receive (borrow again) from IPP and airline platforms?
The ferocious courage of SLS is not in doubt. I think the mega-borrowers have met their match.
Tock, Tick. Tock Tick.
Correction: I meant $1.19 billion USD. Sorry. Wrote this around 2 am when suffering from a bout of insomnia. But you get the drift. 1.2 billion is big money in any currency (excluding Zimbabwean dollars).
Just read in the news that one airline alone owes one bank N170 billion. The numbers don't lie. That's over a trillion USD. Roughly $1.19 trillion USD. One company. In a country where more than 70% of the people live on less than a dollar a day. And it's got to be either one of two banks -- Zenith or Union Bank. You share my instinct? UB, I think. And SLS says the loan is already shaky and if it goes bad it will pull the bank down.
Damn. I knew something was just not kosher about the way AJ was bringin' em in like it was going out of fashion. A Ponzi scheme works beautifully in different applications. Even airplane acquisitions. Ask Bernie Madoff.
I hope W3 survives. The N500 billion intervention fund is meant to help not just manufacturers and power sector players, but also airlines. Isn't it curious that AJ is involved in the latter two, and stands to receive (borrow again) from IPP and airline platforms?
The ferocious courage of SLS is not in doubt. I think the mega-borrowers have met their match.
Tock, Tick. Tock Tick.
Correction: I meant $1.19 billion USD. Sorry. Wrote this around 2 am when suffering from a bout of insomnia. But you get the drift. 1.2 billion is big money in any currency (excluding Zimbabwean dollars).
Last edited by The Maestro; 12th Jun 2010 at 00:08.
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Arik, IRS Grounded, Resume Operation
Arik Air and IRS were yesterday grounded for hours before they later resumed operation owing to their inability to offset debts running into billion of naira.
The revenue Task Force Committee set (TSC) up by the Nigerian Civil Aviation Authority (NCAA) and the Nigerian Airspace Management Agency (NAMA) temporary grounded the operations of the airlines as they tried to recover their debts trapped with the airlines.
The debt is said to be in the region of N5 billion. The action disrupted the operation of the two airlines as they could not carry out their flights plans.
The CBN says it is bailing out the airlines.
Investigation by Daily Trust revealed that out of the amount, Arik was said to have owed N1.8 billion on the domestic routes while the airline owes $126,000 on the international route. Information obtained by the paper also indicated that about 17 other airlines are said to be indebted to the aviation agencies to the tune of N5 billion being an accumulated ticket sales charges the airlines collected from passengers in trust for the agencies which they failed to remit eventually.
The grounded airlines would have remained suspended if not for the intervention of the minister of aviation, Fidelia Njeze who waded into the matter on behalf of the airlines, Daily Trust learnt.
However, the taske force pardoned the airlines after given a written commitment on how to pay which was backed by the minister's intervention.
Further findings showed that Aero was said to be indebted to the agencies to the tune of N942 million and $477,000 as at April ending.
The self grounded Bellview owes the agencies N121 million on its international operations, N87 million on the local scene and $66.7 million on the hajj operations, Ethiopian airlines owes $181,000 while Medview owes $1.3 million on its hajj operations.
Virgin Nigeria now Air Nigeria is indebted to the tune of $67.9 million, Air Meridian owes $697, 000, TAP Airline (Portuguese) $3 million and N5.8 million through the airlift of Christian pilgrims, Chanchangi owes N325 million and $10,621 on the domestic and regional operations respectively while Overland Airways also owes $12 million.
Meanwhile, efforts to get reactions from IRS Airline proved abortive as no media relation officers was available while Arik spokesperson, Mr. Banji Ola confirmed that the airlines early morning operations was disrupted but that the issue has been resolved and the Arik air has resumed operations.
Arik Air and IRS were yesterday grounded for hours before they later resumed operation owing to their inability to offset debts running into billion of naira.
The revenue Task Force Committee set (TSC) up by the Nigerian Civil Aviation Authority (NCAA) and the Nigerian Airspace Management Agency (NAMA) temporary grounded the operations of the airlines as they tried to recover their debts trapped with the airlines.
The debt is said to be in the region of N5 billion. The action disrupted the operation of the two airlines as they could not carry out their flights plans.
The CBN says it is bailing out the airlines.
Investigation by Daily Trust revealed that out of the amount, Arik was said to have owed N1.8 billion on the domestic routes while the airline owes $126,000 on the international route. Information obtained by the paper also indicated that about 17 other airlines are said to be indebted to the aviation agencies to the tune of N5 billion being an accumulated ticket sales charges the airlines collected from passengers in trust for the agencies which they failed to remit eventually.
The grounded airlines would have remained suspended if not for the intervention of the minister of aviation, Fidelia Njeze who waded into the matter on behalf of the airlines, Daily Trust learnt.
However, the taske force pardoned the airlines after given a written commitment on how to pay which was backed by the minister's intervention.
Further findings showed that Aero was said to be indebted to the agencies to the tune of N942 million and $477,000 as at April ending.
The self grounded Bellview owes the agencies N121 million on its international operations, N87 million on the local scene and $66.7 million on the hajj operations, Ethiopian airlines owes $181,000 while Medview owes $1.3 million on its hajj operations.
Virgin Nigeria now Air Nigeria is indebted to the tune of $67.9 million, Air Meridian owes $697, 000, TAP Airline (Portuguese) $3 million and N5.8 million through the airlift of Christian pilgrims, Chanchangi owes N325 million and $10,621 on the domestic and regional operations respectively while Overland Airways also owes $12 million.
Meanwhile, efforts to get reactions from IRS Airline proved abortive as no media relation officers was available while Arik spokesperson, Mr. Banji Ola confirmed that the airlines early morning operations was disrupted but that the issue has been resolved and the Arik air has resumed operations.
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Yes...
A little slip there but the truth seems to be one really massive level of indebtedness on the part of the local airlines, when one has to ask how this has been allowed to happen!
Yes, it goes "million, billion, trillion" in American English with each increment one thousand times the preceding one. I just looked it up and found that, according to Wiki, the naira is around 170 to the US dollar so that 170 billion naira should be about $1,000,000,000.00. Wow! Given that there are no really huge Nigerian airlines, how does one accumulate such an enormous debt doing normal business? At a guess, you just pocket all the revenue, pay nothing back on any of your owings and then hope for the usual collapse/bailout/final collapse scenario that allows you to keep most of the money, not just the money you misappropriated in the first place but even more good money thrown after bad. You, like so many rascals before you, will have thoroughly screwed your workers, the Nigerian government and, not least, all those foreign entities you signed on the dotted line with yet suffer no consequences at all. No, you will be just another brave Nigerian entrepreneur who has fallen victim to the foreign-dominated world of aviation, especially given that you have occasionally "sprayed" your gullible local supporters with cheap naira while socking away those valuable dollars abroad.
I remember very well stories of the once-operator of the so-called "largest airline in Africa" doing that, sort of tossing naira out of his car to the rabble in the middle of his hometown while also owing enough dollars to some of his unpaid expats to cause a minor diplomatic incident! The gullible locals seemed to go for the naira without bothering to think about the dollars there, when we could only shake our heads. Here that bit of history seems to have repeated itself in multiples with even bigger sums being stolen, really.
"Business as usual," in other words, acting as if you were just standing there minding your own business when you were struck by lightning or perhaps you were a victim of the colonialists or racists or whatever or whomever. It should be interesting to dig through the back pages of all those who roundly denounced anyone casting doubt upon the Arik business model, just for one, once this debacle has played itself out in the not-too-distant future. Not that that will make anyone exactly happy or even cause much to change in the way Nigeria sets up and runs its aviation sector!
Yes, it goes "million, billion, trillion" in American English with each increment one thousand times the preceding one. I just looked it up and found that, according to Wiki, the naira is around 170 to the US dollar so that 170 billion naira should be about $1,000,000,000.00. Wow! Given that there are no really huge Nigerian airlines, how does one accumulate such an enormous debt doing normal business? At a guess, you just pocket all the revenue, pay nothing back on any of your owings and then hope for the usual collapse/bailout/final collapse scenario that allows you to keep most of the money, not just the money you misappropriated in the first place but even more good money thrown after bad. You, like so many rascals before you, will have thoroughly screwed your workers, the Nigerian government and, not least, all those foreign entities you signed on the dotted line with yet suffer no consequences at all. No, you will be just another brave Nigerian entrepreneur who has fallen victim to the foreign-dominated world of aviation, especially given that you have occasionally "sprayed" your gullible local supporters with cheap naira while socking away those valuable dollars abroad.
I remember very well stories of the once-operator of the so-called "largest airline in Africa" doing that, sort of tossing naira out of his car to the rabble in the middle of his hometown while also owing enough dollars to some of his unpaid expats to cause a minor diplomatic incident! The gullible locals seemed to go for the naira without bothering to think about the dollars there, when we could only shake our heads. Here that bit of history seems to have repeated itself in multiples with even bigger sums being stolen, really.
"Business as usual," in other words, acting as if you were just standing there minding your own business when you were struck by lightning or perhaps you were a victim of the colonialists or racists or whatever or whomever. It should be interesting to dig through the back pages of all those who roundly denounced anyone casting doubt upon the Arik business model, just for one, once this debacle has played itself out in the not-too-distant future. Not that that will make anyone exactly happy or even cause much to change in the way Nigeria sets up and runs its aviation sector!
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The figures
Code:
Virgin Nigeria now Air Nigeria is indebted to the tune of $67.9 million, Air Meridian owes $697, 000, TAP Airline (Portuguese) $3 million and N5.8 million through the airlift of Christian pilgrims, Chanchangi owes N325 million and $10,621 on the domestic and regional operations respectively while Overland Airways also owes $12 million.
I still recall Demuren saying W3 were paying their bills, so why is TFC going after W3?
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@chuks,
You've listed some reasons why it's hard for you to believe Arik can rack up $1B in debt, you should remain skeptical and not completely buy into the story. Quite frankly, I think FAAN and other agencies have incorrect figures, and perhaps inflated the numbers in their attempt in "shaming" airlines into paying their debt. That's me though.
You've listed some reasons why it's hard for you to believe Arik can rack up $1B in debt, you should remain skeptical and not completely buy into the story. Quite frankly, I think FAAN and other agencies have incorrect figures, and perhaps inflated the numbers in their attempt in "shaming" airlines into paying their debt. That's me though.
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The chief pilot asked the chairman this morning why he hadn't paid the pilots. Answer: He's too busy to pay them.
He then jumped in his GlobalX, and popped over to Benin for a relaxing weekend.
Still no pay, and there won't be this weekend, or maybe next.
DON'T WORK WITHOUT PAY !!!!
He then jumped in his GlobalX, and popped over to Benin for a relaxing weekend.
Still no pay, and there won't be this weekend, or maybe next.
DON'T WORK WITHOUT PAY !!!!
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Reaping da Whirlwind
This so called counterfeit mr Johnson is just taking you guys on a ride,look him in da face and say no,can he force all of you to fly with no pay?Chang and the gang have'nt been been paid since Jan,is that how you wanna be in 2 months?**** happens and you can only allow yourself to be scewed if you're enjoying it,so stop whining and take the **** you deserve or resist it,You should be happy he is giving you da opportunity to fly tear rubber chacha planes,that should fill da stomach and pay your bills,at least,thats what the degenerate illeterate believes,hes doing you a big lifetime favour,This crap started from inception when pilots were selling themselves cheap,in search of positions and favours,you turned the man into what he is,so please live with it.**** always comes back in your face.Be careful what you sow........Still not Funny,Eish
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Just Checked the Online Bank...NO MONEY
I reckon that if we are not paid by Monday evening....NO flights on Tuesday 15th June 2010 that is exactly the half way point of the month and two weeks overdue salary. Who is with me ? Let your other fellow pilots know !!! No pay by Monday evening we will not fly from Tuesday 6.00 A.M. You all know the food at the hotel can cause quite bad tummy bugs......
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thepounder and Mr. Smith.
Yeah, you're both right. My goof. Not intentional, and not fuzzy math either. I meant to write $1.19 billion USD and wrote trillion! Obviously that is even more money than the national debt and cannot be owed by one individual or company. Thanks for spotting the error. Math wasn't always my favorite subject.
Chuks, Thanks for coming to the rescue. Like you say it will be interesting to see how this debacle plays out. I hope the hundreds of employees and their dependents do not suffer. Fair work demands fair wages.
Tick, Tock. Tock Tock, Tick. Damn, this watch was built on a Friday from Absurdistan. Or is it Krygyrstan -- can't even spell the damn thing.
Yeah, you're both right. My goof. Not intentional, and not fuzzy math either. I meant to write $1.19 billion USD and wrote trillion! Obviously that is even more money than the national debt and cannot be owed by one individual or company. Thanks for spotting the error. Math wasn't always my favorite subject.
Chuks, Thanks for coming to the rescue. Like you say it will be interesting to see how this debacle plays out. I hope the hundreds of employees and their dependents do not suffer. Fair work demands fair wages.
Tick, Tock. Tock Tock, Tick. Damn, this watch was built on a Friday from Absurdistan. Or is it Krygyrstan -- can't even spell the damn thing.