Showing posts with label Finances. Show all posts
Showing posts with label Finances. Show all posts
Wednesday, September 11, 2013

■ SOUTH AFRICA: Comair Ltd profits soar to USD23.1million for latest Financial Year.

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Comair Ltd has announced a significant improvement in its profitability for the 12-month period ending 30 June 2013. Revenue grew by 29% to...

■ GHANA: Antrak Air mulls quitting Ghana citing market-overcrowding, exhorbitant costs.

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The CEO of Ghanaian domestic operator, Antrak Air (O4), Alhaji Asuma Banda, says he is seriously considering pulling out of the country as ...
Tuesday, September 10, 2013

■ SOUTH AFRICA: SAA's Turnaround Plan to undergo parliamentary committee scrunity this week.

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Monwabisi Kalawe, South African Airways' (SA) Chief Executive Officer, says the airline's strategic turnaround plan #9 will be pre...
Thursday, September 5, 2013

■ SEYCHELLES: Air Seychelles posts very strong 2Q & 1H2013 Financial results.

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Air Seychelles (HM) has announced a strong second quarter (Q2) and half-year financial performance, reflecting continued solid growth and s...
Tuesday, August 27, 2013

■ EGYPT: Despite heavy sustained losses, Fadel outlines his longterm vision for Egyptair.

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Egyptian Minister of Civil Aviation, Mr Abdul Aziz Fadel, says the current Egyptian government is determined to map out the future for a N...
Monday, August 26, 2013

■ BURKINA FASO: Ouagadougou calls for talks with AKFED over Air Burkina's future.

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The Government of Burkina Faso, in its most recent Council of Ministers meeting held in late July, has resolved to hold talks with the Aga ...
Tuesday, August 20, 2013

■ NIGERIA: AMCON confirms appointment of new CEO, CFO at Aero.

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The Nigerian government's Asset Management Company of Nigeria (AMCON)'s Chief Executive Officer (CEO) Mr. Mustafa Chike-Obi has con...
Friday, August 16, 2013

■ TANZANIA: Precision Air to post loss during latest Financial Year; asks government for $32mln in funding.

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Tanzania's Precision Air (PW) will this year post a heavy loss, the airline’s board chairman, Mr Michael Shirima, has announced. In add...
Monday, August 12, 2013

■ MAURITIUS: Air Mauritius sees further losses during Q1 of its 2013/14 Financial Year.

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Air Mauritius Group and Company have posted their results for Q1 of their 2013/2014 Financial Year which ended 30 June 2013 with losses o...
Tuesday, August 6, 2013

■ TANZANIA: Zanzibari lawmakers irate at cost overruns, poor workmanship at new airport terminal.

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The Zanzibari House of Representatives has taken the government there to task over continuous delays and cost overruns in the constructio...
Monday, July 29, 2013

■ MAURITIUS: Air Mauritius holds annual AGM; re-elects board.

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Mauritian national carrier, Air Mauritius (MK), held its Annual Meeting of shareholders at the Grand Baie International Conference Centre i...
Thursday, July 25, 2013

■ SOUTH AFRICA: Denel SOC posts strong $7.3million net profit for 2012/13 Financial Year as revenue grows 10%.

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South African state owned aerospace and defence technology conglomerate, Denel SOC Ltd, has posted a net profit of USD7.33million (ZAR71mil...
Tuesday, July 23, 2013

■ KENYA: So close yet so far as Jetlink Express struggles to sell its recovery plan to all its creditors.

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Kenya's Jetlink Express (J0), grounded since November last year, has managed to convince 70% of its unpaid creditors to accept a busine...
Monday, July 22, 2013

■ TUNISIA: Government rolls out Tunisair's turnaround plan; approves initial funding for A320s.

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The Tunisian national assembly has approved a bill allowing national carrier, Tunisair (TU), to secure EUR74million in funding for the acqu...
Wednesday, July 17, 2013

■■ SUDAN: See Renderings for New Khartoum International Airport to be built and financed by China.

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[UPDATE 17 JULY 2013] T he Arab press is reporting that the Sudanese Government has signed a USD$750million loan, with an as-yet-...

■ SENEGAL: ASECNA secures $39million loan from the IFC for infrastructural upgrades.

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The Agency for Aerial Navigation Safety in Africa and Madagascar ( L'Agence pour la Sécurité de la Navigation aérienne en Afrique et à ...
Friday, July 12, 2013

■ CHINA: Nigeria finalizes $500mln deal with CCECC for construction of four new international air terminals.

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With a high-powered state visit to China led by Nigerian president, Goodluck Jonathan, about to come to a close, Chinese and Nigerian gover...
Tuesday, July 9, 2013

■ TANZANIA: TCAA calls stakeholder meeting for July 11 over proposed steep nav, safety fee hikes.

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The Tanzanian Civil Aviation Authority (TCAA) is mulling doubling its Air Navigation Charges and Safety Fees as means of paying for various...
Friday, July 5, 2013

► ETHIOPIA: One more 777 for Ethiopian as Gebremariam is upbeat about this year's bottom line.

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Ethiopian Airlines (ET) has taken delivery of its sixth Boeing 777-200LR ( MSN 43814 | ET-AQL ) at a ceremony held at Addis Ababa Bole In...
Monday, July 1, 2013

■ ETHIOPIA: US ExIm Bank okays $130million in financing to Ethiopian Airlines.

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The Export-Import Bank of the United States (Ex-Im Bank) has authorized nearly USD130million in financing to support the export of Genera...