DANA AIRLINE SUFFERS HEAVY DEBT

    This is certainly not the best of times for DANA AIRLINE and DANA GROUP OF COMPANIES. Barely two years after the crash of  DANA AIRLINE which used to hold the enviable record as one of the best in the country,the parent company, DANA GROUP has been allegedly taken over by the receiver manager over their inability to meet up with the facility given to the company by Sterling Bank PLC. After a series of meetings that always ended in promises, Sterling Bank was reportedly left with no other choice than to take over the DANA GROUP OF COMPANIES which has investments in chemical,electronics, instant foods,paper,phrmaceuticals,plastics,rice and steel,etc.
   The genesis of the company's problems was the crashing of DANA AIRLINE into a residential area in Iju-Ishaga, Lagos.Although it resumed its operation, patronage has been quite low.