• About Us
  • Contact Us
Newsletter
Ghana Talks Business
  • Home
  • News
  • Business
  • Agribusiness
  • Personal Finance
  • Travel/Tourism
  • Media
  • World Business
No Result
View All Result
  • Home
  • News
  • Business
  • Agribusiness
  • Personal Finance
  • Travel/Tourism
  • Media
  • World Business
No Result
View All Result
Ghana Talks Business
No Result
View All Result

Air Mauritius, three African Airlines in talks to form alliance

December 27, 2018
2 min read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

South African Airways, Kenya Airways Plc, Air Mauritius Ltd. and RwandAir are in talks to create an alliance, as they face mounting competition.

“Air Mauritius took the initiative to join forces with three other African airlines in a bid to create an alliance that would develop air connectivity in the region,” Chief Executive Officer Somas Appavou said Wednesday. “In a highly competitive environment, this alliance would allow the potential partners to create a consolidated network using the individual strength of each airline to offer passenger better choice and flexibility.”

Related Posts

Full Specifications of Rwanda’s latest smartphone, Mara Z

Uganda airlines revived 18 years after grounding, begins with a Kenya trip

Kenya Airways to double fleet over 5 years on path to profit

West Africa Is Increasingly Lucrative For Airlines, But Lacks A Hub

The talks come at a time when Kenya Airways is going through a restructuring after reporting loses for three consecutive years.

In November 2017, the Kenyan government and lenders agreed to convert $405.3 million owed by the carrier into equity, giving the state a controlling stake and diluting other shareholders, including Air France-KLM. Last month, Air Mauritius reported a first-half loss of 17.7 million euros ($20.2 million).

South African Airways received an unsolicited 21 billion-rand ($1.4 billion) loan offer in return for a 51 percent stake in the cash-strapped state-owned carrier, City Press reported Dec. 23.

RwandAir is prioritizing adding new routes and overhauling its existing fleet over short-term profitability as the state-owned airline focuses on supporting the country’s growing tourism industry.

“As an alliance, the partner airlines would also benefit from synergies in areas like maintenance, knowledge sharing and training while they will also have an edge in procurement activities,” Appavou said in response to questions.

Credit: Bloomberg

Previous Post

Oil has plunged 40%. That says a lot about the global economy in 2019

Next Post

NIC cancels ‘no claim discount’ for third party insurance

Next Post
insurance_commission

NIC cancels ‘no claim discount’ for third party insurance

Five Guidelines To Avoid Over-Spending This Christmas

Latest

business travel, ghanatalksbusiness.com

Business Travel: 5 Ways to Reduce the Expenses

December 7, 2019
GHS50 Notes: lump sum, ghanatalksbusiness.com

Mandatory Pension Payments under Pension ACT 766 begins in January 2020

December 6, 2019

6 ways to make your weekends more productive

December 6, 2019
smallholder farmers

4 ways Africa’s small farmers can double their yield

December 6, 2019
local fishing, fishing collapse

Small fishing could collapse by 2020 if ..

December 5, 2019
2019 national farmers day, ghanatalksbusiness.com

2019 National Farmers Day -Ayekoo to our farmers

December 5, 2019
  • About Us
  • Privacy Policy
  • Advertising
  • Contact Us

© 2019 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Business
  • Agribusiness
  • Personal Finance
  • Travel/Tourism
  • Media
  • World Business

© 2019 Ghana Talks Business