Some good news from Ethiopian after their 787 fire. Ethiopian Airlines is determined to stake its claim as Africa’s most significant airline. It announced last week that it has finalised a 49 percent equity shareholding deal in the new Malawian Airlines. 20 percent will be held by the Malawian Government and 31 percent by Malawian private investors. The Republic of Malawi (known as Nyasaland until 1963) is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on its east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawai. The capital is…
Fastjet
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Fastjet falters
Africa is a continent crying out for a decent transportation network. The railway systems are largely fragmented and crumbling. The top nine airlines in Africa carry fewer passengers a year than Delta alone does in two months. Trade, tourism and travel are all hampered by an inadequate infrastructure. Enter fastJet with the vision of a series of low cost airlines throughout Africa all using A319s, all sharing brand, marketing and infrastructure. With a pedigree as impressive as Easyjet‘s Sir Stelios Haji-Ioannou, a chunk of cash and the backing of Lonrho PLcwho already invest in 18…
Time ran out for 1time
In September, commenting on South Africa’s only truly independent airline going into bankruptcy protection to reorganise, I asked the question “will 1time run out of time and become another lost carrier in 2012?” On November 2nd, CEO Blacky Komani announced that the “1Time board, together with business rescue practitioners, decided to suspend services with effect this afternoon“. Planes in the air at the time flew back to the Johannesburg base. All other scheduled flights remained grounded. South African banks promised their Credit Card customers full refunds for any tickets bought using their cards. The National Consumer Commission began investigating claims that 1time…
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