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Cheap flights on Arik Air on SkyscannerPH!

Update as of Oct 2017

Ethiopia Airlines is currently in talks to control Arik Air, Nigeria's largest airline. Officials have confirmed that Ethiopia is financially and operationally strong enough to do so. Ethiopia Air is currently growing 25% YoY and fast becoming the region's largest carrier with profits reaching 265 million USD. On the contrary, Arik Air has been faced with many troubles, financially and operationally and being overtaken by its government in Feb 2017.

As such, Ethiopia will need to make an official request to the Nigerian government and offer to take over its heavy debt burden, resolve salary issues and consolidate the new leases of aircraft. These difficulties are closely linked to that of the Nigerian economy itself which is struggling after the latest foreign exchange crash.

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