AdvertisementEthiopian Airlines, owned 100 percent by the Ethiopian government, says it has made a bid to the Nigerian government to take over Arik Air, Nigeria’s biggest airline. In February, Arik Air was taken over by the federal government via the Asset Management Corporation of Nigeria (AMCON) due to the company’s huge debt profile, which was over N300 billion. “We have outlined our terms and conditions to the Nigerian government and we are waiting to see if they agree. WoldeMariam did not specify details of the offer, but added that he expects to face competition for Arik from international airlines. Calls placed through to the spokespersons of Arik and AMCON were not answered nor returned.

Source: Ethiopian News August 31, 2017 11:54 UTC