One of Africa’s leading carrier, Ethiopian Airlines has confirmed that it in talks with the Federal Government of Nigeria to take over Arik Air.
The government had in February taken over the management of Arik Air to help keep the distressed company afloat.
The Asset Management Corporation Of Nigeria (AMCON) spokesperson Jude Nwauzor as at then said about the take over: “The development will afford Arik Airlines, which is the largest local carrier in the country, to go back to regular and undisrupted operations, avoid job losses, protect investors and stakeholder funds as well as ensure safety and stability in the already challenged aviation sector.”
Confirming Ethiopian airline’s interest, Esayas Weldemariam, director of International Service at Ethiopian Airlines Group said: “Following the bid opened by the Nigerian government, we are negotiating to secure management contract of Arik Air.
“Based on the terms and conditions set by the government of Nigeria, Ethiopian Airlines has summited its offer to take over the management of Arik Air. We are bidding with other airlines, if we agree on the negotiations we are ready to go and take over the management.”
If successful, the deal would see Ethiopia’s national carrier expand its presence in western Africa.
It is interesting to note that before Arik Air was taken over by the government, it was Nigeria’s biggest airline and plans were in the pipeline to make it the country’s national carrier.
