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Showing posts with label Citylink Airlines. Show all posts
Showing posts with label Citylink Airlines. Show all posts

Wednesday, September 11, 2013

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

Antrak AirThe CEO of Ghanaian domestic operator, Antrak Air (O4), Alhaji Asuma Banda, says he is seriously considering pulling out of the country as the presence of too many carriers on the Ghanaian domestic scene has rendered it almost impossible to operate an airline profitably.

Friday, December 28, 2012

■ GHANA: Decision on EgyptAir's deal for 49.9% stake in CTK CiTylinK deferred to 2013.

EgyptairEgyptian national carrier, Egyptair (MS), is expected to announce in early 2013 a decision on whether it will purchase a 49.9% minority stake-holding in grounded Ghanaian carrier CTK CiTyLinK (CTQ), following the submission of a Due Diligence report by accounting firm, Ernest & Young, last week.

Thursday, September 20, 2012

► GHANA: EgyptAir confirms deal with CTK CiTylinK; to use Accra as hub.

EgyptairConfirming our previous report, Egyptair (MS) and foundering Ghanaian carrier CTK CiTylinK Airlines (CTQ) today signed a Memorandum of Understanding (MoU) at the Headquarters of the Egyptian Ministry of Civil Aviation in Cairo, Egypt which will see "both airlines promoting air transportation expansion in West Africa."

Friday, August 31, 2012

► GHANA: Egyptair to acquire majority stake in CTK CiTylinK?

Citylink Ghana Unconfirmed reports out of Ghana claim that Egyptian carrier, Egyptair (MS), having allegedly considered "other options" on the Ghanaian scene, are "in talks" to acquire "about a 50% stake" in the struggling Ghanaian domestic operator CTK CiTylinK Airlines (CTQ).

Of late, CiTylinK Airlines has been going through a very rough patch, having first suspended operations in early August before losing its leased Fokker 100 over unpaid leasing charges shortly after.
"Egypt Air will control 50 percent stake in the airline while majority shareholder, Tei Azu and other local investors will own the rest of the shares. Citi Business News also

Friday, August 24, 2012

► GHANA: More woes for CTK CiTylinK as it loses its leased Fokker 100 over unpaid bills.

Citylink Ghana In a sign that times are getting even tougher for Ghanaian domestic carrier CTK CiTylinK Airlines (CTQ), it has emerged that its Fokker 100 (MSN: 11407 | 9A-BTD), wet leased only recently in May of this year, has been returned to its owner, Croatia's Trade Air, as a result of the airline's inability to pay its leasing fees.

The airline suspended operations nearly 2 weeks ago.

CTK Citylink Airlines Fokker 100 in happier times.
CTK's now ex-Fokker 100 in happier times.
Switzerland's CH-Aviation reports that the aircraft has already been ferried from Accra to Europe where it is currently operating a short term ACMI contract on behalf of a Slovak client.

As competition on Ghana's domestic and regional routes heats up,  and with fares being slashed to as low as GH₵50 (USD25) for a one way flight from Accra to Kumasi - a flight that usually costs GH₵100 (USD50) - it seems increasingly likely that CTK CiTylinK will be the first casualty in the price war.

Sunday, August 12, 2012

Monday, May 21, 2012

► GHANA: CTK CiTylinK Airlines leases Fokker 100.

Citylink Ghana
Ghanaian domestic airline CiTylinK Airlines, has summer-leased a Fokker 100, 9A-BTD, from Croatia-based Trade Air. From its website, the airline operates scheduled and charter flights, in addition to medical evacuation flights, and offers cartographic services as well.

At present, CTK CiTylinK serves Accra, Kumasi, Takoradi, Tamale and Sunyani using a mix of SAAB 340s and Let 410s.

CiTylinK Airlines' Fokker 100 leased from Trade Air.
CiTylinK Airlines' Fokker 100 leased from Trade Air.
This comes at a time when West Africa is seeing significant growth in its aviation sector, with Ghana in particular, seeing its fair share of recent start ups such as Starbow Airlines, Fly540, and soon, EasyJet linked LCC FastJet, all vying for a slice of the local aviation pie.