The Asset Management Corporation of Nigeria has said it is not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Limited for the carrier to render management services to Arik. AMCON stated this in a statement made available to our correspondent on Monday by its Head, Corporate Communications, Jude Nwauzor. The Managing Director of International Services, Ethiopian Airlines, Esayas WoldeMariam, was quoted by the CNN last Thursday to have said that the airline had submitted a formal offer to take over Arik. AMCON’s statement on Monday read in part, “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, the Asset Management Corporation of Nigeria is not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Limited.

Source: Ethiopian News September 05, 2017 02:15 UTC