Reports had emerged 2 days ago that Nigeria’s troubled carrier, Arik Air may be taken over by Ethiopian Airlines.

The Bloomberg report quoted Ethiopian Airlines Executive as saying that government is already in talks with them for the takeover.

However, the Asset Management Corporation (AMCON), which operates Arik Air on behalf of the government, denies it has discussed take-over plans with Ethiopian Airlines.

AMCON in a statement, said it is not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Ltd.

Also Read: Thieves Arrested On Board Arik Flight To Abuja

“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,” Mr Jude Nwauzor, Head of Corporate Communications for AMCON said in the statement.

Recall that Arik was placed under receivership in February, following the airline’s inability to repay debts in excess of 300 billion Naira to AMCON and other creditors within and outside Nigeria.

Did you say AMCON Air or Arik Air?

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