Back Go back
More News

AMCON disowns discussion with Ethiopian Airlines o...

AMCON disowns discussion with Ethiopian Airlines over Arik

AMCON disowns discussion with Ethiopian Airlines over Arik

The Asset Management Corporation of Nigeria (AMCON) has said,  contrary to widely published  reports, it is not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Limited.

AMCON made the clarification in a release following media reports which claimed that there are discussions going on with Ethiopian Airlines for the carrier to render management services to Arik.

Arik was placed in receivership last February, following the airline’s inability to repay debts in excess of N300 billion to AMCON and other creditors in Nigeria and around the world.

“It is on record that the receivership team has within the period stabilised the operations of the airline, marked by stability of schedules; improved On-Time-Performance (OTP) and revamped customer service among others,” it added.

AMCON further claimed that the airline has regained its dominance as the most reliable carrier in the country with growing passenger patronage and confidence.

The corporation said  the general public and all stakeholders would be kept duly informed on issues relating to the airline’s divestment plan.

By Sunday Michael Ogwu, Lagos

Tags: amcon , arik , ethiopian air


Leave a comment