The defeat construction of the Nigerian govt denies any dialogue about a achievable takeover of Arik Air by Ethiopian Airways.
Theater in Lagos. Ethiopian Airways on the takeover of Arik Air . “AMCON is not conscious of these types of negotiations and if these negotiations existed we would be 1st informed,” explained the AMCON spokesman. Collapsing under a financial debt of $ 840 million, Arik Air was taken over by AMCON final February. Much less than a 7 days back, Ethiopian Airways officers verified that their airline had filed an supply on Arik Air .
“On the basis of the phrases and disorders established by the Government of Nigeria, Ethioipan Airways has submitted its Arik Air acquire-over bid and we are competing with other airlines. are all set to acquire over the administration of this company, “explained Esayas Weldemariam, director for worldwide affairs at Ethiopian Airways. The appetites of the latter in Nigeria have a logic. This state generates a important quantity of domestic air targeted visitors in relation to its inhabitants and geography.
Though Arik Air has key fiscal fears, it is nonetheless the largest carrier on the Nigerian domestic marketplace with almost 60% marketplace share. Ethiopian Airways' lengthy-haul flights. A posture of energy that also generated disproportionate ambitions in the lengthy-haul phase in the former administration group. To the stage that Arik Air will purchase for two Boeing 747-eight just before turning them into two Boeing 787-9. The company also has Airbus A340-500 fleets alongside a dozen Boeing 737-seven-hundred / 800 and Bombardier CRJ900 and Q400.