Ethiopian Airline rejects offer by AMCON to manage Arik Air

Ethiopian Airline has rejected an offer by the Asset Management Corporation of Nigeria (AMCON) to invest in Nigeria’s biggest domestic airline, Arik Airline. A source close to the govt said that the AMCON had met with Ethiopian Airline to invest in Arik Air, but was turned down. Although the source did not say exactly why the offer was turned down but suggested that it could be as a result of myriad of issues surrounding the takeover of Arik by AMCON. Joseph Arumemi-Ikhide, founder of Arik Air, has also confirmed the development, saying the plan by govt to invite Ethiopian Airline to manage Arik had failed, and warned that if Ethiopian Airline dared to take over the management of Arik , he would sue the company. <br/>