Ethiopian Airline On the Verge Of Acquiring Failing ARIK Airline (See Full Details)

at 08:24 PM, 31 Aug 17 (2 months ago)
(156 | Upcoming) (m)

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

Arik Air has, since February, been operated by Asset Management Corporation of Nigeria (AMCON) due to prolonged crisis that saw services canceled, staff unpaid, and mounting debt (More than N300bn according to the federal government).

Speaking to CNN, 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.”

WoldeMariam, without giving details of the offer, said that Ethiopian Airlines expects ti face competition from other international airlines.

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.
BournIdentity at 04:39 AM, 29 Sep 17 (1 month ago)
(45390 | Addicted Hero) (m)
Roll Eyes Roll Eyes Roll Eyes                                                                     
Reply
ruthie at 06:00 PM, 31 Oct 17 (3 weeks ago)
(9465 | Hero) Online (f)
NAWA O...
Reply

LATEST COMMENTS

  1. osarobo62 on: WTF! 86-Year-Old Woman Robs Bank At Gunpoint (Photo)
    she is saving for her funeral coffin ... 6 mins ago ago
  2. tonyigho on: HOT GIRLS! Some Of The Most Beautiful American Ladies In College Sports (Photos)
    I like no 2 and 3... 9 mins ago ago
  3. osarobo62 on: Just Like Tiwa Savage, Mercy Aigbe Gentry Seems To Have Reconciled With Her Estranged Hubby
    before you go back,...you better invest in a life insurance scheme ... 13 mins ago ago
  4. tonyigho on: MIRACLE! Jermaine Dupri And Janet Jackson Seem To Be Reconnecting & Getting Closer Again
    Who send you to go marry Muslim billionaire b4? Why u waka commot foolish old woman.... 14 mins ago ago
  5. KingPharoah on: After 12yrs Nigerian Police Reinstates The Hausa Officer Who Killed The Six Igbo Traders in Abuj
    Mohd Buhary rules! ... 28 mins ago ago