The Asset Management Corporation of Nigeria (AMCON) has finally responded to series of inquiries on the fate of Arik Air and yesterday issued a statement denying that it had not entered into any recent negotiation with the management of Ethiopian Airlines regarding Arik Air Limited. AMCON’s Head, Corporate Communications, Jude Nwauzor, in a statement on […]
Ethiopian Airlines Group has announced that it has finalised preparations to start nonstop direct services to Sao Paulo, Brazil, currently operated via Lome, Togo, effective September 16, 2017. Sao Paulo is the biggest city in the Brazil and the economic and financial hub of the country hosting the headquarters of numerous major corporations. Group CEO, […]
Ethiopia Airlines possess, unique, rare and difficult to imitate attributes that distinguish it from its peers in Africa. The airline is seen as the most successful airline in the continent. For five consecutiveyears, Ethiopia Airlines has remained the most profitable carrier in the continent and in the foreseeable future, there are indications that it would […]
Known for over-reaching its targets, Africa’s most successful carrier, Ethiopian Airline has said it is working to be a 10 billion dollar profit making organisation, fly 120 international and 26 domestic destinations by 2025. But the airline, which has remained the most profitable operator in the continent, has actualised its set target in the past […]
Whereas many international carriers scaled down their operations to Nigeria due to the recession that adversely affected the value of the naira, African airlines defiantly maintained their services and made significant inroads into the market. As at May last year, about $575 million revenues earned by foreign airlines was trapped in Nigeria. But the Central […]