8/30/2017

NEGOTIATING TO TAKE OVER ARIK AIR: ETHIOPIAN AIRLINES


NEGOTIATING TO TAKE OVER ARIK AIR: ETHIOPIAN AIRLINES

ADDIS ABABA, Ethiopia (AP) -- An Ethiopian Airlines official confirms the state-owned company is negotiating to take over management of West Africa's largest airline, the Nigeria-based Arik Air.

Ethiopian Airlines' head for international services, Esayas Woldemariam, tells The Associated Press that the negotiations follow a request by Nigeria's aviation ministry. Nigeria's government took over Arik Air early this year after it declared heavy losses.

"We definitely are willing and able to take over the management of Arik Air," Esayas said Wednesday.

Ethiopian Airlines is one of Africa's largest airlines. Taking over Arik Air's management would give the airline a major presence in Africa's most populous nation and one of the continent's top economies and oil producers.


Latest official figures from Ethiopian Airlines say it generated total revenues of close to $3 billion in 2016.

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