The Asset Management Corporation of Nigeria (AMCON) has said, contrary to widely published reports, it is not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Limited.
Ethiopian Airlines, according to reports, had said they were bidding to manage Nigeria’s largest but financially troubled airline.
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.
But in a press release debunking reports of negotiations with Ethiopian Airlines, AMCON said: “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”.
AMCON further claimed that the airline has regained its dominance as the most reliable carrier in the country with growing passenger patronage and confidence.
The corporation said the general public and all stakeholders would be kept duly informed on issues relating to the airline’s divestment plan.