Arik Air had placed an order for five Boeing 777-300ER aircraft, which was cancelled in 2011. Arik Air then placed an order for two Boeing 747-8I aircraft 2013. However, in early 2017, Arik Air converted the 747-8I orders to two Boeing 787-9 Dreamliners instead. Arik Air had been the last remaining airline customer for the passenger 747-8 (who had not yet received any examples). The conversion of the 747-8 order to Dreamliners came shortly after the airline, owing to major financial stress and most aircraft not being operational, was taken over by the Asset Management Corporation of Nigeria (AMCON) at the start of 2017, deeming the airline as too big to fail.