Arik Air shareholders have condemned the reported plan by the federal government to hand over the airline to Ethiopian Airlines. Ethiopian Airlines has submitted its bid to take over the management of Arik Air, which the Asset Management Corporation of Nigeria (AMCON) took over this year. “Arik Air, a wholly owned Nigerian company operated without hitch for 10 years. “They should look at why Nigerian Airlines don’t survive for a long time. “It is further complicated with the fact that Nigeria generates the traffic that even all regional carriers including the famous Ethiopian Airlines depend on in West and Central Africa.

Source: Ethiopian News September 02, 2017 07:41 UTC