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Friday, 1 September 2017

Arik Air: Ethiopian Airline Will Take Over Nigerian Largest Airline After Unpaid Debt and Salaries

Ethiopian Airlines is moving to take over Nigeria’s largest airline Arik Air, CNN is reporting.

Since February, Arik Air has been under the operation of Asset Management Corporation of Nigeria (AMCON) due to prolonged crisis that saw services canceled, staff unpaid, and mounting debt which the debt is accounted to be More than N300bn according to the federal government.

While speaking with CNN, the Ethiopian Airlines managing director of international services Esayas WoldeMariam said:
    “We have outlined our terms and conditions to the Nigerian government and we are waiting to see if they agree. We are capable and desirous of handling the airline.”

The airline director, WoldeMariam has, without stating details about the offers and conditions made to Nigeria said that Ethiopian Airlines expects to face competition from other international airlines.

According to BellaNaija, Godfrey Odudigbo, minister plenipotentiary at the Nigerian embassy in Addis Ababa said the negotiation between Ethiopian Airlines and the Nigerian government could be completed before end of 2017.

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