Ethiopian Airlines Stops Negotiations with Nigeria Over AirK AirDecember 27, 2017 - The Ethiopian Airlines announced that it has stopped negotiations with the government of Nigeria to manage Arik Air, the biggest private Nigerian airline. The government of Nigeria through the Asset Management Corporation of Nigeria (AMCON), took control of Arik Air after the airline failed to pay its employees and creditors for months and grounded most of its aircraft. In early 2017 the Nigerian government asked the management of Ethiopian Airlines to assume control of Arik Air on a management contract basis. However, Ethiopian Airlines Group CEO Tewolde Gebremariam told AIN that his company ceased talks with AMCON due to the complex nature of the negotiations. However, Gebremariam said Ethiopian remains interested in starting an airline in Nigeria.

Source: Ethiopian News December 27, 2017 19:41 UTC