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Tripled share capital, new CEO and reorganisation of the Board of Directors
Mauritania Ailines (MAI) has suffered from the negative effects of the COVID-19 pandemic, thereby increasing its deficit. This situation has forced the Mauritanian government, the airline's majority shareholder, to put its hand in its pocket and reorganise its management.
Towards a split of Kenya Airways into several subsidiaries
For almost ten years, Kenya Airways (KQ) has been operating at a loss, surviving only thanks to multiple financial infusions from the state. Elected President of Kenya last August, William Ruto has proposed a new strategy to make the Kenyan parastatal airline profitable.
Kenya Airways should be split into several subsidiar… read more
Insights on Africa’s travel recovery
Travel to Africa appears on course to recover from the worst of the Covid-19 pandemic. Green shoots are emerging across the continent ahead of the Q4 peak season as long-haul travellers from key European and North American markets regain their appetite for travel to Africa.
As of Q3 2022, global travel has recovered to -38% behind … read more
Ethiopian Airlines to triple paid-up capital to nearly USD 6 billion
Accumulating profits year after year, Ethiopian Airlines is now generating cash flows far in excess of its paid-up capital. This is an anomaly that the Ethiopian national airline group wants to correct in order to continue its growth.
Antananarivo chooses Embraer to rebuild Madagascar Airlines' regional fleet
Since December 2021, Madagascar Airlines has been operating the assets of Air Madagascar and its subsidiary Tsaradia, which is currently being restructured, under a management lease. The Malagasy President has committed to capitalize on the operational assets that will finally ensure the viability of the national flag.
Mad… read more
P&O Cruises delays delivery and first cruise of new ship Arvia
P& O Cruises has announced that Arvia will be introduced later than planned, with her first cruise now set for December 21st instead of December 9th.
In a statement, P& O Cruises did not specify a reason for the delay, but hinted that it was due to the ongoing supply chain shortages that have affected shipyards in the… read more
Silver Endeavor dining experiences announced following purchase from Crystal
Silversea Cruises have revealed the five dining options that will be available aboard its new luxury expedition ship Silver Endeavour.
Silver Endeavour previously sailed as the Crystal Endeavour for Crystal Cruises, but was sold to Silversea when Crystal’s parent company Genting HK went bankrupt.
Genting was one of several cru… read more
President of Botswana urges leveraging technology and inclusivity to propel Africa’s tourism
Africa should take advantage of technology and create platforms for inclusive engagements to define a paradigm for the continent’s travel and tourism sector. This is according to the President of Botswana, who believes that the one of the ways the continent can keep up with the next tourism frontier is to adopt innovation and technology.… read more
Nigeria Air: Doomed On Arrival
The Nigeria Air project has generated more polemics than any other government policies in the Nigerian aviation industry. Stakeholders in unison say the airline is doomed to fail before it begins.
The plan by the Federal Government to birth a new national carrier for Nigeria before the end of the year has generated more contro… read more
TAAG Angola Airlines plans to return to Porto next winter
TAAG Angola Airlines had inaugurated service to Porto in July 2011, becoming its second destination in Portugal after Lisbon. The route was subsequently suspended in 2020 amid the health crisis.
TAAG Angola Airlines is expected to re-launch its route between Luanda and Porto, for an initial period of two months, fro… read more
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