Ethiopian Airlines (ET, Addis Ababa) has confirmed that it is in talks to manage Nigeria's Arik Air (W3, Lagos), reports Business Daily. "Following the bid opened by the Nigerian government, we are negotiating to secure a management contract of Arik Air," said Esayas Weldemariam, Managing Director of International Services at Ethiopian Airlines Group. "Based on the terms and conditions set by the government of Nigeria, Ethiopian Airlines has submitted its offer to take over the management of Arik Air." Arik Air has been under the control of the Nigerian government through its Asset Management Corporation (AMCON) since February. However, with mounting debts and a poor outlook, AMCON is keen to pass Arik Air into other hands.

Source: Ethiopian News September 01, 2017 15:11 UTC