ETHIOPIAN AIRLINES CONFIRMS BID FOR NIGERIA’S ARIK AIR - FINANCIAL-24
From Left- Esayas Weldemariam, Director of International Service at Ethiopian Airlines Group, Troy Damian Fitrell, Deputy Chief of Mission at the United States Embassy in Ethiopia and Greg Gilchrist, Senior Vice President of Sabre of the U.S. company which has been providing IT solutions for Ethiopian Airlines for the past 11 years. The two sides have agreed to extend their business partnership for the coming 7 years.
In Summary
The Director of International Service at the Ethiopian Airlines Group, MrEsayasWeldemariam, Wednesday said they were expanding their presence in western Africa.
Addis Ababa, Wednesday. Ethiopian Airlines is negotiating with the Nigerian government to take over the bankrupt Arik Air, a senior official confirmed in Addis Ababa.
The Director of International Service at the Ethiopian Airlines Group, MrEsayasWeldemariam, Wednesday said they were expanding their presence in western Africa.
“Following the bid opened by the Nigerian government, we are negotiating to secure management contract of Arik Air,” MrEsayas said, responding to the rumours about the impending deal.
“Based on the terms and conditions set by the Government of Nigeria, Ethiopian Airlines has submitted its offer to take over the management of Arik Air… We are bidding with other airlines, if we agree on the negotiations, we are ready to go and take over the management,” he said.
Arik Air, which is one of the largest private airlines in Nigeria, has been serving as the de-facto national carrier for the most populous state in Africa.
Following the failure to service its debts and pay employees’ salaries, Arik Air was last February taken over by the government.
Ethiopian Airlines also manages Asky Airlines in Lome, in a joint ownership with the Togo government, and the Malawian Airlines, also jointly with the government.
The airline, which began operations in April 1946, was in 2014 ranked the largest in Africa in revenue by the International Air Transport Association (IATA).
Ethiopian Airlines Group, which has several related business wings, envisages becoming a $10 billion revenue generating company by 2030, with a total of 140 aircraft, according to MrEsayas.
It currently has a fleet of 92 aircraft, flying to 104 international 19 local destinations.
The Citizen
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