The Asset Management Corporation of Nigeria (AMCON) yesterday said it was not discussing with Ethiopian Airlines to render management services to Arik Air. In a statement, AMCON Head, Corporate Communications, Jude Nwauzor, said the corporation was not aware of any ‘current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Limited’. He said Arik Air was placed in receivership last February, following the airline’s inability to repay debts in excess of N300 billion to AMCON and other creditors in and outside Nigeria. “Our attention has been drawn to a barrage of media reports, which claimed that there are discussions going on with Ethiopian Airlines for the carrier to render management services to Arik. “Contrary to these reports, AMCON is not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Limited (Arik),” the statement read.

Source: Ethiopian News September 04, 2017 23:15 UTC