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Recession: Nigerian billionaire snubs country, floats airline in Swaziland

A Nigerian tycoon, Chief Benjamin Aghalieku Arinze, has launched an airline in Swaziland.


Aghalieaku Airways as called, commenced operations last month and has its base at the Manzini King Mswati III International Airport, Swaziland.

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A statement on the airline’s website said: “Aghalieaku Airways is an aviation company that has a business strategy to set up base in the Beautiful Country of Swaziland.”

“Developing the cargo aviation sector with a powerful and dynamic vision to create a hub site that will become your channel partner to servicing the aviation sector, locally, nationally, globally.

Speaking, Arinze, the President of Aghalieaku Airways, said: “Driven by passion for people, development, growth and positive changes coupled with a strong will and sheer determination, my dream is to capture the aviation market sector and develop the african continent.

“My vision is to leave a legacy behind that will inspire and motivate the future generation to strive for greater heights, leaving no stones unturned in achieving their goals and vision, by beating all odds in turning their dreams into reality.”

The news is coming at a time Aero Contractors and First Nation are out of operations.

On the other hand, Arik Air is managing issues relating to insurance and payment for aviation fuel.

5 Comments on Recession: Nigerian billionaire snubs country, floats airline in Swaziland

  1. That is not good


  2. Come and invest in your country


  3. Who wants to risk investment in the sinking ship called Nigeria? Nobody


  4. God will bless the man DANGOTE that believed in the economic building of Nigeria project through indigenous investments. many of these self rich Nigerians only engage in buying and selling economy through importation of finished and consumable products. pls support the initiative drive of the present administration by investing in the local economy


  5. @Bimbo, so that your brothers in NAMA, FAAN, etc. who cannot manage two taxi on Lagos roads will introduce fees and charges no one else will charge in Dollars without providing the services to kill the hard earned money of the man?
    Regulators in this Country in almost all sectors look at the Dollars rate charged in other developed Countries, but forget to provide the services that are rendered to attract those rates in dollars. How FAAN, NAMA charge Nigerian Airlines operating in Nigeria and collecting Naira for their services from Nigerians in Dollars for services rendered in our local airports?
    Aero and others have closed down for them. Let them charge ghosts in Dollars.


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