Ethiopian Airlines to take over Arik Air
Ethiopian Airlines intends to take charge of the loss-making Arik Air, largest Nigeria’s carrier responsible for over half of country’s passenger flights. The Ethiopian airline has submitted a formal offer to Nigerian government to take over the management, according to the CNN.
In the formal proposal Ethiopian Airlines has outlined terms and conditions to the Nigerian government. Despite Arik Air being the biggest carrier in both Nigeria and West Africa, its appeal is shadowed by years of financial struggles.
The carrier has been struggling to keep their planes in 2016, with fuel shortage blamed for multiple delayed and canceled flights. Debts to their staff, disregard for safety procedures and the inability to pay lessors and insurance companies on time led to the government takeover in February 2017. Since the Federal Government of Nigeria took over Arik Air, known local aviation experts were appointed as temporarily managers, but the government was still providing the airline with financial aid.
Ethiopian Airlines, on another hand, are sometimes dubbed as Africa’s Emirates, is the largest carrier in Africa by passenger traffic numbers, according to IATA. It is also, most importantly, the continent’s sole airline that has been consistently delivering profit, contrary to the national carriers of much larger economies, for instance – Nigeria.