Ethiopian Confirms Bid to Acquire Nigeria’s National Carrier

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Africa’s largest airline, Ethiopian has confirmed that it has tendered a bid towards acquiring the bankrupt Arik Air, Nigeria’s flag carrier.

The Director of International Service at the Ethiopian Airlines Group, Mr Esayas Weldemariam, said during the week that it is was discussions with the Nigerian government as it seeks to employ an acquisition strategy to drive its expansion into West Africa.

“Following the bid opened by the Nigerian government, we are negotiating to secure management contract of Arik Air,” Mr Esayas said, responding to the rumours about the impending deal.

“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… We are bidding with other airlines, if we agree on the negotiations, we are ready to go and take over the management,” he said.

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