The federal government has recently received a bid for Nigeria’s largest airline service, Arik Air from Ethiopian Airlines.
Arik Air which was taken over in February by the federal government via the Asset Management Corporation of Nigeria after they failed to pay a huge debt of over N300 billion had its management team dissolved and a receiver-management put in place.
In April, KemiAdeosun, minister of finance while speaking at the World Bank/IMF meetings intimated the public about potential buyers for the airline but didn’t mention what company was interested.
“It was a preliminary discussion. They just expressed interest in buying the airlines and we told them that we would look into it”.
“Most of them are interested in investing in Nigeria and they just want to be sure that the timing is right. Some are looking at buying one of the airlines with AMCON and just waiting to be sure that our policies are right.”
Ethiopian airlines however made their interest known on CNN when their managing director of International Services, EsayasWoldeMariam during an interview said they had put in a bid for Arik Air and were just awaiting a response from the government
“We have outlined our terms and conditions to the Nigerian government and we are waiting to see if they agree. We are capable and desirous of handling the airline,” she said.