By Obinna ChimaThe Asset Management Corporation of Nigeria (AMCON) yesterday restated that it had not entered into negotiation with the management of Ethiopian Airlines regarding Arik Air Limited (Arik), which it took over recently. He explained: “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. “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 plan,” Nwauzor added. It was reported last week that Africa’s leading airline, Ethiopian Airlines, said that it had submitted a formal offer to take charge of troubled local carrier Arik Air, which accounts for more than half of Nigeria’s air passenger traffic.

Source: Ethiopian News September 05, 2017 01:30 UTC