Business
AMCON Debunks Arik Airline Management Reports
The Asset Management Corporation (AMCON), last Monday debunked reports that it was negotiating with Ethiopian Airlines to manage the Nigerian carrier, Arik Airline.
The corporation debunked the report in a statement signed by Mr Jude Nwauzor, Head of Corporate Communications, in Lagos.
AMCON said it was not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Ltd.
“It is on record that the Receivership Team has within the period stabilised the operations of the airline, marked by stability of schedules; improved On-Time-Performance (OTP) and revamped customer service among others.
“Today, the Airline has regained its dominance as the most reliable carrier in the country with growing passenger patronage and confidence.
“The general public and all stakeholders will be kept duly informed on issues relating to the airline’s divestment ,” Nwauzor said.
The Tide recalls that Arik was placed under receivership in February, following the airline’s inability to repay debts in excess of N300 billion to AMCON and other creditors within and outside the country.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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