Burundi launches airline amid similar initiatives in East Africa
by Bloomberg Dec 28, 2020
Burundi will relaunch a state-owned airline next year, more than a decade after the failure of its erstwhile carrier, Air Burundi.
The state will hold a 92% stake in Burundi Airlines, which will be the latest carrier to enter East African skies after the introduction of Uganda Airlines and the revamping of Air Tanzania Co. A Belgian company will take a 4% stake and the rest will belong to state-owned insurer Societe d’Assurances du Burundi, or Socabu, according to a cabinet statement.
The airline will be formed through the merger of Sobugea, an agency that runs the country’s airports, and Air Burundi, which has not operated a plane since 2009.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
JAS Worldwide signs SPA with International Airfreight Associates B.V.
JAS Worldwide, a global leader in logistics and supply chain solutions, and International Airfreight Associates (IAA) B.V., a prominent provider of comprehensive Air and Ocean freight services headquartered in the…
View Article
LATAM is once again part of the Dow Jones Sustainability Index
View Article
CPaT partners with Wizz Air, Europe’s leading ultra-low-cost airline, to enhance aviation training
View Article
Air Transat takes off to Tulum from Montreal and Quebec City
View Article
Air France KLM Martinair Cargo achieves record online sales and accelerates commercial transformation
View Article[Freightos Weekly Update] Frontloading continues to put pressure on transpacific rates
Transpacific ocean rates increased slightly last week and are about 15% higher than at the start of December as frontloading ahead of expected tariffs is keeping vessels full.
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
