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Ethiopian Airlines moves to take over Arik Air

BellaNaija.com

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Ethiopian Airlines is moving to take over Nigeria’s largest airline Arik Air, CNN is reporting.

Arik Air has, since February, been operated by Asset Management Corporation of Nigeria (AMCON) due to prolonged crisis that saw services canceled, staff unpaid, and mounting debt (More than N300bn according to the federal government).

Speaking to CNN, Ethiopian Airlines managing director of international services Esayas WoldeMariam said: “We have outlined our terms and conditions to the Nigerian government and we are waiting to see if they agree. We are capable and desirous of handling the airline.”

WoldeMariam, without giving details of the offer, said that Ethiopian Airlines expects ti face competition from other international airlines.

Godfrey Odudigbo, minister plenipotentiary at the Nigerian embassy in Addis Ababa said the negotiation between Ethiopian Airlines and the Nigerian government could be completed before end of 2017.

13 Comments

  1. Razz N Bougie

    August 31, 2017 at 7:59 pm

    Shame!

    • Olivia

      August 31, 2017 at 8:09 pm

      Very Sad.

  2. Olivia

    August 31, 2017 at 8:12 pm

    It can only get better.

  3. Eric

    August 31, 2017 at 8:30 pm

    Shame on Nigeria!! I swear this country is such an embarrassment sometimes.

  4. x-factor

    August 31, 2017 at 8:48 pm

    Shame ke? Is it the government that mismanaged Arik Air’s funds, the airline was run by private careless, selfishly ostentatious lineage…..
    When in the world are we going to stop blaming the government for everything that has gone wrong. Enough of all the criticisms, not many good can come our of a perpetual negative inclination to anything Nigeria. What will you as a person do differently. Nigeria has both leadership and follower-ship problems, I think the latter is a bigger menace…
    #justthinkingaloud .

    • momo

      August 31, 2017 at 8:53 pm

      x factor you are right ..billions was given to the owner of this airlines by FFK the aviation minister at the time when air mishaps were getting too much ..only for most of them to divert it into personal acquisitions instead of the purpose for which it was given ..so who do you blame for this ..people are very ignorant in this country

    • Abi

      September 1, 2017 at 9:19 am

      You are very right. Nigerians are quick to blame the government but forget they are the government. Arik Air was a privately owned company run by them not the FG or SG. We need to start taking responsibility for our issues instead of playing the blame game.

    • Eric

      September 1, 2017 at 10:04 am

      Are the management of Arik air foreigners? Who mentioned the government here? Is it a secret that the maintenance culture in this country is poor? Private or public sector.

    • Razz N Bougie

      September 2, 2017 at 5:10 pm

      This your rant no get head? Did any of the comments above you mention government? See guilty conscience! I hope you are not married because……………..

      Also @Abi, are all those characters you mentioned in your comment not Nigerians?

      The shame here is that Ethiopians are coming in to sort out sh!!t.

  5. C

    August 31, 2017 at 9:04 pm

    Nigerians can’t do sh!t right, smdh

  6. TheRealist

    September 1, 2017 at 1:00 am

    @ x-factor, NO airline will succeed in an operating environment where you have to pay 30% interest on bank loans, where you borrow dollars to finance foreign costs (of aircraft, equipment, maintenance, etc) and then the exchange rate of the local Naira currency goes on a rapid free-fall, thereby multiplying your debt (even before debt servicing) by 200+%, where there is a regular and recurring shortage of A1 aviation fuel (primarily because the govt’s refineries do not work), often necessitating a resort to neighboring countries for same or having to pay huge premium for same, while being constrained to charge tightly-regulated fares, or where you are subjected to multiple taxes and charges without commensurate services. The private operators of Arik may have some shortcomings, but if you think that the Nigerian govt has not played the MAJOR role in this scenario (and why numerous other private domestic carriers have similarly gone bust and several foreign airlines leave Nigeria), then I have a bridge in Lekki to sell to you.

  7. ec

    September 1, 2017 at 7:31 am

    I am all for this.

    We cannot keep suffering delayed flights with no explanation.

    So pathetic

  8. mrs chidukane

    September 2, 2017 at 6:08 pm

    Doing ANY business in Nigeria is very difficult. The taxes and cost of diesel alone can drown you how much more an airline. Getting aviation fuel alone is so difficult.

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