Tunisian operator, Syphax Airlines (FS) says it expects to generate revenues of USD9.9million (TUD16million) in 2014 to grow to USD26.6million (TND43million) expected in 2017 on the back of a projected growth rate of 85.6%. While revenue projections remain ambitious, the airline does not expect to make a profit for 2012 or for 2013. However, despite this, the airline is planning an IPO in order to raise further capital for use in building new facilities as well as a acquiring new aircraft needed in its international expansion drive.
Aviation fuel supplier, Air BP is to enter the Tunisian aviation fuel sector through the signing of a Commercial and Technical Service Agreement with the Société Nationale de Distribution des Pétroles (AGIL), Tunisia's national oil distribution company. The agreement, effective immediately, includes service coverage at seven airports in Tunisia including: Tunis Carthage, Djerba, Enfidha, Tozor, Tabarka, Monastir and Sfax.
Fresh from announcing better pax uptake and stronger financials for November 2012, Tunisair (TU) will, starting 2 April 2013, expand its Boeing 737-600 operations from the Tunisian city of Sfax to Libya.