the most profitable business deal in history


SUBMITTED BY: pinnacleseth

DATE: Sept. 7, 2017, 3:30 p.m.

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  1. Ethiopian Airlines is in talks to take over management of Nigeria's troubled Arik Air.
  2. Nigeria’s government took over Arik Air early this year after it declared heavy losses.
  3. Ethiopian Airlines’ head for international services, Esayas Woldemariam, told the Associated Press news agency that the negotiations follow a request by Nigeria’s aviation ministry.
  4. “We definitely are willing and able to take over the management of Arik Air,” he told AP.
  5. State-owned Ethiopian Airlines is Africa's most profitable carrier.

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