Sequel to the news making rounds in the media that Arik Air is set to rebrand to become Nigeria Eagle, the Asset Management Corporation of Nigeria (AMCON) has come out to refute such claims saying it is only exploring new options and not rebranding.

In a statement issued by the Head, Corporate Communications Department, AMCON Mr. Jude Nwauzor, the corporation has approached the aviation authorities in the country seeking a licence for an independent entity where all of its aviation assets would be transferred and efficiently managed in a synergetic manner.

The statement further noted that AMCON currently has more than five airlines in its aviation portfolio among other assets that are scattered all over. The proposed new entity therefore has nothing to do with the rebranding of any of the airlines within its portfolio as being speculated in several online publications.

The objective of AMCON’s intervention in the aviation sector is targeted at supporting the sector, given its importance, save thousands of jobs, make the aviation sector a catalyst for the growth of the Nigerian economy and recover the huge debt owed the Corporation by these aviation entities.