The Asset Management Corporation (AMCON), on Monday debunked reports that it was negotiating with Ethiopian Airlines to manage the Nigerian carrier, Arik Airline. The corporation debunked the report in a statement signed by Mr Jude Nwauzor, Head of Corporate Communications, in Lagos. “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 ,” Nwauzor said. The News Agency of Nigeria (NAN) recalls that Arik was placed under receivership in February, following the airline’s inability to repay debts in excess of N300 billion to AMCON and other creditors within and outside the country.

Source: Ethiopian News September 05, 2017 03:33 UTC