Ethiopian Airlines plot takeover of Nigeria’s flagship fleet

victoria@aviationnews-online.com
By victoria@aviationnews-online.com September 4, 2017 16:50

Ethiopian Airlines plot takeover of Nigeria’s flagship fleet

Ethiopian Airlines has submitted a formal offer to take charge of Arik Air, which accounts for more than half of Nigerian air passenger traffic.

“We have outlined our terms and conditions to the Nigerian government and we are waiting to see if they agree,” Esayas WoldeMariam, Ethiopian’s managing director of international services, told CNN. “We are capable and desirous of handling the airline.”

Godfrey Odudigbo, minister at the Nigerian embassy in Addis Ababa, said that negotiations over Arik could be concluded by the end of the year.

Arik has been operated by the state-owned Asset Management Corporation of Nigeria (AMCON) since a government bailout in February. The carrier is reported to have stabilised since that time.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com September 4, 2017 16:50