AMCON debunks negotiation with Ethiopian Airlines

By Olawunmi Ashafa

 

Lagos   –     The Asset Management Corporation (AMCON), on Monday debunked reports that it was negotiating with Ethiopian Airlines to manage the Nigerian carrier, Arik Airline.

The corporation debunked the report in a statement signed by Mr Jude Nwauzor, Head of Corporate Communications, in Lagos.

AMCON said it was not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Ltd.

“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.

“Today, 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 airline’s divestment ,” Nwauzor said.

The News Agency of Nigeria (NAN) recalls that Arik was placed under receivership in February, following the airline’s inability to repay debts in excess of N300 billion to AMCON and other creditors within and outside the country.

MTN News Alert
DMON
To receive our mobile newspaper on MTN delivered on your phone, text SAWD to 4900 at N50 per week or SAMD to 4900 at N150 per month.
For information on press releases, photos, promotional events and adverts, call or send text to 08173460599 or 08094208271or send email to: info@sundiatapost.com

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: +234(0)92900705, +234(0)8173460599
Whatsapp: +234(0)8053069436
BBM PIN: 5619150D
Email: info@sundiatapost.com
Website: www.sundiatapost.com

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838
https://twitter.com/sundiatapost/

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
ACCREDITED MEMBER
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate