Arik Air : AMCON Denies Being in Current Discussion With Ethiopian Airlines

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It is no longer news that Ethiopian Airlines said it is currently bidding to takeover the management of West Africa's largest airline; Arik Air.

However,the Asset Management Corporation of Nigeria (AMCON)  which is should have more details about any negotiations about the future of Arik has said it is not in current discussion with Ethiopian Airline.

Here is a Statement signed by Jude Nwauzor; Head, Corporate Communications, AMCON.

 "Our attention has been drawn to a barrage of media reports, which claimed that there are discussions going on with Ethiopian Airlines for the carrier to render management services to Arik. Contrary to these reports, the Asset Management Corporation of Nigeria (AMCON) is not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Limited (Arik).

Arik was placed in receivership last February, following the airline’s inability to repay debts in excess of N300 billion to AMCON and other creditors in Nigeria and around the world. It is on record that the Receivership Team has within the period stabilised the operations of the airline, marked by stability of schedules; improved On-Time-Performance (OTP) and revamped customer service among others. Today, the Airline has regained its dominance as the most reliable carrier in the country with growing passenger patronage and confidence.

The general public and all stakeholders will be kept duly informed on issues relating to the airline's divestment plan"



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