The Asset Management Corporation of Nigeria (AMCON) yesterday restated that it had not entered into negotiation with the management of Ethiopian Airlines regarding Arik Air Limited (Arik), which it took over recently.
AMCONâs Head, Corporate Communications, Jude Nwauzor, in a statement yesterday, said the attention of the corporation was drawn to a barrage of media reports on the matter.
He explained: âOur 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 is not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Limited (Arik).â
Arik was placed in receivershipÂ last February, following the airlineâs inability to repay debts in excess of N300 billion to AMCON and other creditors in Nigeria and around the world.
It had been reported that the Receivership Team had 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.
âToday, the Airline has regained its dominance as the most reliable carrier in the country with growing passenger patronage and confidence. The general public and all stakeholders will be kept duly informed on issues relating to the airlineâs divestment plan,â Nwauzor added.
It was reported last week that Africaâs leading airline, Ethiopian Airlines, said that it had submitted a formal offer to take charge of troubled local carrier Arik Air, which accounts for more than half of Nigeriaâs air passengerÂ traffic.
âWe have outlined our terms and conditions to the Nigerian government and we are waiting to see if they agree,â Esayas WoldeMariam, the airlineâs managing director of international services, had told CNN.
âWe are capableÂ and desirous of handling the airline,â he stated.Â