Home/Aviation News/AFRIEXIM Bank pledges support; to promote intra-African trade with Arik Air as partner
Deputy Managing Director, Arik Air, Capt. Ado Sanusi, (left) explaining some point to President & Chairman, Afrexim Bank, Cairo, Egypt, Dr. Okey Oramah, (3rd left)and Head, Specialized Markets & Capital Market Origination, Corporate Banking Group, Union Bank Nig. Plc, Mr. Olusola Olubi behind them is Chairman, Arik Air, Sir. Joseph Arumemi-Johnson (2nd left) during a working visit to Arik Air by Board of Directors of AfiximBank at the company’s Headquarters, Murtala Mohammed, Airport, Ikeja, Lagos at the weekend.
AFRIEXIM Bank pledges support; to promote intra-African trade with Arik Air as partner
THE African Export-Import Bank, (AFRIEXIM Bank) has said that it will continue to strengthen its relationship with Arik Air and support the airline in every area possible.
This is just as the Bank plans to promote intra-African trade stating that the largest airline in West and Central Africa will be its strategic partner.
Speaking when the Board of Directors of the bank paid a working visit to Arik Air office at the weekend, AFRIEXIM Bank President, Dr Benedict Oramah said they are supporting the airline because of the essential role it is playing in connecting people across Africa and making sure goods are delivered across the continent.
“We want to make sure they (Arik) are strengthened to do that. We also understand the difficulties in the environment, not only in Nigeria but in most African countries.
“Ours is a bank created to deal with or support our clients under such situations. We also wanted to be briefed on how these things are affecting the company and what we can do to make sure they ride through the situation,” Oramah explained.
He reiterated that Arik Air is a long-standing client of the African Export Import Bank and have worked together for several years, building a mutually rewarding partnership.
“This visitation is essential for us as a bank to see what the airline is doing and to listen to them about their future plans because we are promoting intra-African trade with Arik Air as a strategic partner,” Oramah added.
In his response, Chairman, Arik Air, Sir Joseph Arumemi-Ikhide thanked the AFRIEXIM Bank delegation for their visit.
He disclosed that the bank has been with the airline since inception, adding that Arik Air also has a strategic partnership with a lot of institutions such as the American Exim Import Bank, EDC and CIV of China.
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We need to eclipse, 80% should be African airlines and 20% should be non African airlines. This is our continent, that is our traffic and so for more African countries to come, the traffic which is not in the hands of the African airlines is much more. So we have a lot more to play with, it's not as if we have to scramble that same 20% No! We don't settle for that and we want to contribute more than 3 % of the global air traffic which we are doing now, it's only three percent.
Air Peace questions if it is not an aberration for an Accident Investigation Bureau to do acts capable of not only misleading the flying public, but also deliberately creating unnecessary fear in their minds. Air Peace said it makes bold to state that the mention of ‘other airlines’, without naming them is a mere smokescreen. The target is Air Peace, the airline said.