Arik shareholders demand answers over aircraft dismantling

Shares of Arik Air Ltd. are demanding answers from the airline's Receiver Manager, Oluseye Opasanya, over the dismantling of a Boeing 737-700 at the Murtala Muhammed Airport in Lagos. In a letter dated August 17, 2026, shareholders raised concerns about the identity, ownership, and security status of the aircraft, which they believe may be linked to unresolved debts with Access Bank.

This is the second reported case of an Arik aircraft being dismantled at the airport amid disputes over the airline's financial situation. The shareholders also requested the underlying documentation related to the alleged Access Bank debt, which Opasanya had previously mentioned in correspondence from October 2024. The controversy follows a similar case in November 2024, where a CRJ1000 aircraft operated by Arik Air was authorized for dismantling by a Lagos court.

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