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

Date: 31-08-2017 8:19 pm (6 years ago) | Author: Grace Garland
- at 31-08-2017 08:19 PM (6 years ago)
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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.

Posted: at 31-08-2017 08:19 PM (6 years ago) | Upcoming
- bohlah at 31-08-2017 08:24 PM (6 years ago)
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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.

Posted: at 31-08-2017 08:24 PM (6 years ago) | Addicted Hero
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- gogoman at 31-08-2017 08:36 PM (6 years ago)
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naija can not do anything on their own
Posted: at 31-08-2017 08:36 PM (6 years ago) | Grande Master
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- ejikeiyo at 31-08-2017 10:28 PM (6 years ago)
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WASTED GENERATION
Posted: at 31-08-2017 10:28 PM (6 years ago) | Gistmaniac
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- schmit at 1-09-2017 07:51 PM (6 years ago)
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Noted
Posted: at 1-09-2017 07:51 PM (6 years ago) | Hero
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- Novic at 26-09-2017 12:27 AM (6 years ago)
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This is serious ooooo..... make I just dey waka pass..... abeg I dey waka pass, I will come and comment later.
This one weak me ooooo, well life must goes on.
I dey waka come bare
Posted: at 26-09-2017 12:27 AM (6 years ago) | Hero
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- BournIdentity at 28-09-2017 06:53 AM (6 years ago)
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Roll Eyes                                                                           
Posted: at 28-09-2017 06:53 AM (6 years ago) | Addicted Hero
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- officynero at 2-10-2017 08:47 AM (6 years ago)
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Posted: at 2-10-2017 08:47 AM (6 years ago) | Gistmaniac
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