Arik operations has been scaled down by amcon

It seems like you're referring to a specific situation where Arik Air operations have been scaled down by AMCON (Asset Management Corporation of Nigeria).

For those who may not be aware, AMCON is a Nigerian government agency responsible for managing and recovering non-performing loans from banks. In 2017, AMCON took over Arik Air, one of Nigeria's largest airlines, due to the airline's significant debt obligations to several banks.

In recent times, there have been reports that AMCON has scaled down Arik Air's operations, which has led to a reduction in the airline's flight schedules and routes. This decision was reportedly taken to help the airline recover from its financial challenges and to ensure its long-term sustainability.

The scaling down of operations has had a significant impact on the airline's customers, employees, and the aviation industry as a whole. Many passengers have been affected by the reduced flight schedules, while employees have been laid off or placed on temporary leave.

It's worth noting that the Nigerian government and AMCON have been working to find a solution to the airline's financial challenges, including exploring options for privatization or merger with other airlines. However, the process has been slow, and the airline's operations continue to be affected by the financial constraints.

I hope this information helps clarify the situation. If you have any further questions or would like more details, please feel free to ask!