One of Africa’s leading airline, Ethiopian Airlines has tendered a formal offer to take ownership of troubled carrier Arik Air, which accounts for more than half of Nigerian air passenger traffic, the CNN has reported. “We have outlined our terms and conditions to the Nigerian government and we are waiting to see if they agree,” Esayas WoldeMariam, Ethiopian’s managing director of international services, told CNN. “We are capable and desirous of handling the airline.”WoldeMariam did not specify details of the offer, but added that he expects to face competition for Arik from international airlines. The Arik boss also disclosed a forensic audit of the airliner carried out by the KPMG. The airline reported a 10 percent increase in revenue to $2.4 billion for 2015/16, with a 70 percent rise in profits, and passenger numbers climbed 18 percent to 7.6 million.

Source: Ethiopian News August 31, 2017 16:03 UTC