Wednesday, February 13, 2013

► CONGO (KINSHASA): Allard dispels rumours of financial difficulties as Korongo sells off its sole BAe146.

Korongo AirlinesCEO Christophe Allard, has denied media reports that Congolese carrier Korongo Airlines (ZC) is in financial trouble following the sale its sole BAe 146-200 (MSN 2196 | OO-DJJ) to an undisclosed American buyer last week.

Korongo 737 Lubumbashi
Korongo 737 (AirlinersGallery)
The Lubumbashi based carrier is now left with a single Boeing 737-300 which Allard claimed, was better suited to the Congolese market and to its Johannesburg route.
"We ended 2012 with a monthly growth rate of 20 percent, both for utilization and regarding ticket revenue," said Allard in an interview with the Belga press agency. "In both Kinshasa and Johannesburg we have won a decent market share."
Source [De Tijd]

Korongo is 70% owned by Airbel, a Belgian holding company, which in turn is owned by Brussels Airlines (49.5 percent) and Forrest Group (50.5 percent), a group of companies founded in the Belgian Congo in 1922 and active in the civil engineering and mining sectors. The remaining 30 percent in Korongo Airlines is owned by local Congolese investors.