in Business & Finance

Ethiopian Airlines confirms interest in Arik Air

Posted 4 September 2017 · Add Comment

Ethiopian Airlines has confirmed that it is in talks to manage Nigeria's Arik Air, reports ch-aviation.

"Following the bid opened by the Nigerian government, we are negotiating to secure a management contract of Arik Air," said Esayas Weldemariam, managing director of International Services at Ethiopian Airlines Group. "Based on the terms and conditions set by the government of Nigeria, Ethiopian Airlines has submitted its offer to take over the management of Arik Air."

Arik Air has been under the control of the Nigerian government through its Asset Management Corporation (AMCON) since February. Ethiopian Airlines has been linked to a potential management takeover of the struggling carrier since then, but this is the first time it has admitted that it is genuinely interested in pursuing a deal.

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