AMCON Not Discussing With Ethiopian Airlines


As the alleged discussion between Asset Management Corporation of Nigeria(AMCON), managers of Arik Air and Ethiopian Airlines continues to generate reactions in the aviation industry, AMCON  has stated categorically that it was not in any discussion with Africa number one airline.

AMCON made this clarification in an online statement issued by its Head, Corporate Communications, Jude Nwauzor.

The insinuation which have been making the round for sometimes now had also claimed that Ethiopian Airlines was discussing  with the corporation to provide management services to Arik Air.

“Our attention has been drawn to a barrage of media reports, which claimed that there are discussions going on with Ethiopian Airlines for the carrier to render management services to Arik. Contrary to these reports, the Asset Management Corporation of Nigeria (AMCON) is not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Limited (Arik),” the statement reads in part.

Nwauzor stated in the statement that 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.

He added that 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.

According to him, “Today, the airline has regained its dominance as the most reliable carrier in the country with growing passenger patronage and confidence.”

The AMCON image maker stated that the general public and all stakeholders would be kept duly informed on issues relating to the airline’s divestment plan.



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