Payday at Arik Air
Payday at Arik Air
Curious
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Join Date: May 2010
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National Holiday today, so I'm sure tomorrow will be payday 
Then it will only be 4 days late.
One Arik official famously said that the pay would be "on or about" the 28th, which to most might mean the 26th, or 27th, or maybe 29th or 30th, with weekends and banking holidays.
We never have to worry about early
Tick
Tock
Tick
Tock
Tick
Tock
Then it will only be 4 days late.
One Arik official famously said that the pay would be "on or about" the 28th, which to most might mean the 26th, or 27th, or maybe 29th or 30th, with weekends and banking holidays.
We never have to worry about early
Tick
Tock
Tick
Tock
Tick
Tock
Join Date: Nov 2005
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BBC:
Nigerian airlines to get bail-out
Nigeria's central bank is extending a 500bn naira ($3.3bn; £2.3bn) bail-out to its troubled airlines.
The fund, first announced in March, was originally meant to stimulate credit to the power and manufacturing sectors.
The country's aviation industry, already hit by higher fuel costs, has grown rapidly in recent years and many airlines are heavily indebted.
In August 2009, the Central Bank of Nigeria also injected 400bn naira to rescue five banks.
'Avert crisis'
"These airlines can now partake from the fund and those that are indebted to banks can refinance their loans and amortise them over a period of ten to 15 years," the bank's spokesman Mohammed Abdullahi said.
"This we believe will help put off a feared financial crisis in the aviation industry."
Virgin Atlantic has said it is looking to sell its 49% stake in Nigerian Eagle Airlines, formerly Virgin Nigeria.
Nigerian Eagle Airlines suspended its loss-making long-haul routes to the UK and South Africa last year to focus on domestic operations.
Nigerian airlines to get bail-out
Nigeria's central bank is extending a 500bn naira ($3.3bn; £2.3bn) bail-out to its troubled airlines.
The fund, first announced in March, was originally meant to stimulate credit to the power and manufacturing sectors.
The country's aviation industry, already hit by higher fuel costs, has grown rapidly in recent years and many airlines are heavily indebted.
In August 2009, the Central Bank of Nigeria also injected 400bn naira to rescue five banks.
'Avert crisis'
"These airlines can now partake from the fund and those that are indebted to banks can refinance their loans and amortise them over a period of ten to 15 years," the bank's spokesman Mohammed Abdullahi said.
"This we believe will help put off a feared financial crisis in the aviation industry."
Virgin Atlantic has said it is looking to sell its 49% stake in Nigerian Eagle Airlines, formerly Virgin Nigeria.
Nigerian Eagle Airlines suspended its loss-making long-haul routes to the UK and South Africa last year to focus on domestic operations.
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Whatever money Arik might get would be mismanaged away.
I'd call, but my company phone doesn't work. Bill not paid !!!!
Tock, Tick, Tock Tick........................................................ .......
I'd call, but my company phone doesn't work. Bill not paid !!!!
Tock, Tick, Tock Tick........................................................ .......
Join Date: Jul 2007
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All affected have to stay strong as long as possible.
I wonder if the shiny new Gl-Ex has been paid for either.
Well, SLS is donating some billions to the sector, time to cut the cake! Now, i wish i'm in that country to eat some of it. Touch luck eh?
I wonder if the shiny new Gl-Ex has been paid for either.
Well, SLS is donating some billions to the sector, time to cut the cake! Now, i wish i'm in that country to eat some of it. Touch luck eh?
,Not good,and not funny.
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Over a week late. No notes, memos, emails... no nothing. You'd think they don't like us? Was it something we said?
The chairman was flying out this evening in the GlobalX. You'd never know that he's a man who doesn't pay his bills.
The chairman was flying out this evening in the GlobalX. You'd never know that he's a man who doesn't pay his bills.
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$700,000 paycheck, who's got it?
Guys, from the grapevine, i gather that he's waiting for the $700,000 he's charged the Nigerian Government to fly the soccer team into South Africa for this World Cup thingy.
Once he gets that payment, he will buy Naira from the Mallam or CBN and then take it to his local bank and pay the staff after keeping his own profits.
I heard this from one of his key staff and am still bemused!
Once he gets that payment, he will buy Naira from the Mallam or CBN and then take it to his local bank and pay the staff after keeping his own profits.
I heard this from one of his key staff and am still bemused!
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NaijaNinja I reckon the super muppets should just stay at home this time rather than go and make a fool out of themselves, even with Largerback with them. I dont care how good kanu was, he's got to be at least 50 now. Anyway back to Arumemi, reminds me of how Okada used to treat their employees back in the days to the extent that the owner slapped one of his pilots for not landing on time. He certainly didnt expect the pilot to put his flight bag down, roll his sleeves up and returned a very hot slap back to the owner. We need more of those types of pilots today.
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I understand the staff freeze at the sight of the man, even in social circles. So i wonder if there's anyone with guts to ask why they haven't been paid.
I reckon they should stand up and demand the creation of a Union to fight for them. Question is who has the guts to initiate the process?
I reckon they should stand up and demand the creation of a Union to fight for them. Question is who has the guts to initiate the process?