Days after taken over Arik Airlines, the Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services (OAS) Helicopters in Lagos.
The head office of the company in Maryland, Lagos was reportedly sealed on Tuesday.
A court order on the company’s office reads: ‘POSSESSION TAKEN TODAY 14/2/17 BY AMCON COURT ORDER ON SUIT NO. FHC/4CS/1139/2016′.
The company is among the airlines that received intervention fund from the federal government during the tenure of former President Goodluck Jonathan.
It is unclear if the company is in debt as in the case of Arik Airline.
OAS is one of the leading helicopter chatter service companies in the country.
For some time now, the airline, which carries about 55 percent of the load in the country, has been going through difficult times, NAN reports.
These are attributable to its bad corporate governance, erratic operational challenges, inability to pay staff salaries and heavy debt burden among other issues.
AMCON took over Aero Contractors in 2016, but the airline has not regained stability since then.