State releases 5 million USD for the launch of its national company
While we are still waiting for the takeoff of "Guinea Airlines", almost four years after its official launch, the Guinean state, a shareholder of this company, is already looking to create a new national carrier.
A quota for the creation of "Guinea Airlines" has been published.
“The conditions necessary for the launch of the company Guinea Airlines are gradually being met. Guinea's share is available, it is housed in a blocked account, it is around 50 billion Guinean francs, or 5 million dollars.
”This is what the former Guinean Minister of Transport, Aboubacar Sylla, revealed. Wednesday February 3, during the handover ceremony between him and his replacement Mohamed Keïta. However, he did not give any details on the progress of the project.
In August 2020, Arab investors expressed their interest in the creation of the new Guinean national company. They promised to set up a carrier that will link the national network. This should serve the major cities of Guinea, including N'Zérékoré, Mamou, Kankan, Labé and Faranah.
Outside the country, it should be deployed on the main routes in West Africa. "The down payments are paid," said Aboubacar Sylla, now minister of higher education and scientific research. While waiting for the birth of Guinea Airlines, it should be remembered that Guinea Airlines, in which the State is a 20% shareholder, never took off, almost four years after its creation. Born from the partnership between the local Business Marketing (GBM) group, owned by businessman Antonio Souaré, and Regourd Aviation, the young company was officially launched on February 25, 2017, to a great media uproar. More than four years later, no plane is visible in the sky. While the dilapidated state of domestic aerodromes is cited as one of the causes of the delay in the effectiveness of operations, we are mainly talking about disputes between the main shareholders.
