The 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.
Wednesday, September 11, 2013
Friday, December 28, 2012
Egyptian 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
Confirming 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
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
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'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
► GHANA: Starbow expands regionally; Antrak returns to the skies whilst CTK CiTylinK suspends operations.
Ghana's civil aviation market has started to heat up considerably ahead of the launch of two new airlines - Africa World Airlines in September (tentatively) and that of Fly540's successor FastJet in November.
Monday, May 21, 2012
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.