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Showing posts with label Aga Khan. Show all posts
Showing posts with label Aga Khan. Show all posts

Monday, August 26, 2013

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

Air BurkinaThe Government of Burkina Faso, in its most recent Council of Ministers meeting held in late July, has resolved to hold talks with the Aga Khan Fund for Economic Development (AKFED) &  Industrial Promotion Services (IPS), the majority shareholder in Air Burkina (2J), regarding its future.

Wednesday, June 5, 2013

► COTE D'IVOIRE: Air Cote d'Ivoire to acquire two Q400s as Aga Khan Fund moves to divest.

Air Cote d'IvoireAérienne de Participation-Côte d'Ivoire, the holding company for the Aga Khan Fund for Economic Development (AKFED), has announced that it is to sell off its 15% shareholding in Ivorian carrier, Air Cote d’Ivoire (HF). The move comes as Air Cote d’Ivoire is planning to boost its capital base from USD4.92million (XAF2.5billion) to USD49.2million (XAF25billion) effective today, Wednesday June 5.

Saturday, January 12, 2013

■ BURUNDI: Lack of political, legal will sabotaging the privatization of Air Burundi, Civil aviation authority.

Air Burundi logoBureaucratic infighting and legal nit picking are amongst the causes of the Burundian government's ongoing battles to reorganize and in some cases, privatize, its ailing civil aviation industry.

Wednesday, December 26, 2012

► MALI: Struggling Air Mali suspends operations effective 24 December.

Air MaliCelestair Group's Malian subsidiary, Air Mali (I5), as result of the ongoing political and economic crisis in Mali, has suspended operations for nine months effective 24 December 2012.

Thursday, May 17, 2012

► COTE D'IVOIRE: Air Cote d'Ivoire to start service using A332 from end of July.

Air Cote d'IvoireIn a collaboration between the Aga Khan Fund for Economic Development (AKFED), the Ivorian Government and Air France, new start up, Air Cote d'Ivoire, is to begin operations at "the end of July" following the signing of the Framework Partnership Agreement, the Shareholders' Agreement and the Articles of the airline Air Côte d’Ivoire yesterday in Abidjan, Cote d'Ivoire (Ivory Coast).