Ethiopian Airlines confirms interest in Arik Air

ET A350-900


Ethiopian Airlines (ET, Addis Ababa) has confirmed that it is in talks to manage Nigeria's Arik Air (W3, Lagos), reports Business Daily.

"Following the bid opened by the Nigerian government, we are negotiating to secure a management contract of Arik Air," said Esayas Weldemariam, Managing Director of International Services at Ethiopian Airlines Group. "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."

Arik Air B737-700
Arik Air has been under the control of the Nigerian government through its Asset Management Corporation (AMCON) since February. Ethiopian Airlines has been linked to a potential management takeover of the struggling carrier since then, but this is the first time it has admitted that it is genuinely interested in pursuing a deal.

The founder of Arik Air, Joseph Arumeni-Ikhide, has previously voiced his strong opposition to any takeover of the Nigerian airline by the Ethiopians. However, with mounting debts and a poor outlook, AMCON is keen to pass Arik Air into other hands.

Source:https://www.ch-aviation.com/portal/news/59122-ethiopian-airlines-confirms-interest-in-arik-air

Comments

Post a Comment

Popular posts from this blog

Sudan's Badr Airlines and Aloor Airlines partner for Juba ops

Image
Badr Airlines B737-300 Badr Airlines (J4, Khartoum) has resumed flights to South Sudan following the signing of a partnership agreement with South Sudanese operator Aloor Airlines (Juba). The Sudan Tribune reports Badr Airlines is slated to operate flights between the South Sudanese towns of Wau and Juba with an onward sector to the North Sudanese capital Khartoum. The first such service took place early last week using B737 equipment. Badr Airlines last served Juba between 2004 and 2011 when the city was still a part of the Republic of Sudan (today North Sudan). The flights ended in 2011 following South Sudan's independence and the subsequent escalation in tensions between the states over the oil-rich Kordofan border region. Badr Airlines also serves Cairo Int'l and Jeddah internationally with domestic destinations listed as Port Sudan, El Obeid, Damazin, El Fasher, Geneina, and Nyala. It currently operates one B737-300 and four B737-500s. Source:https://www.ch-
muxajax@blogger.com

Ethiopia launches online Entry Visa Application and Issuance

Image
Ethiopian Airlines Logo The e-visa is processed and issued online on a single web page where applicants apply, pay and secure their entry visa online.Once the online application is approved, applicants will receive an email authorising them to travel to Ethiopia and they will get their passport stamped with the visa upon arrival in Addis Ababa. Group CEO Ethiopian Airlines, Tewolde GebreMariam said: "Ethiopia, the oldest independent civilization in Africa and one of the oldest in the world, is endowed with historical places, natural beauty, colourful and diverse cultural activities and various endemic wild animals which are of great interest to international tourists. However; we have not made best use of these natural resources to attract large number of tourists. To this effect, this project is part of a new national initiative to transform the tourism sector in the country. The full commencement of the Online Visa application and issuance system will promote tourism, tr
muxajax@blogger.com

Air Zimbabwe slashes workforce by half

Image
Air Zimbabwe B767-200 Air Zimbabwe (UM, Harare Int'l) has announced that it has retrenched 200 of its 424 staff as it struggles to keep the airline in business. This is the fourth round of retrenchments in eight years, reports Reuters. "We were overstaffed by a lot and we are also trying to weed out people without the right qualifications," said the carrier's Chairwoman, Chipo Dyanda. "The retrenchment is meant to give space to the airline so that we can redeploy the money saved back into the company." According to Nehanda Radio, most of the employees affected were in administrative positions, and all employees have been placed on performance-based contracts. Staff will also be re-trained, "starting with the chief executive officer". No pilots were retrenched in the round. The restructuring program is also aiming to build Harare Int'l as a travel gateway."This restructuring exercise is coming on the backdrop of a strategic plan
muxajax@blogger.com