No development on the takeover of Air Burkina by US African Global Development

No development on the takeover of Air Burkina by US African Global Development

The project of partial takeover (80% of the capital of CFAF 691 million) of the Burkinabe air carrier by the US investor African Global Development is at a standstill.

Someone shares this article with you
            ▪ No development on the takeover of Air Burkina by US African Global Development

▪ The project of partial takeover (80% of the capital of CFAF 691 million) of the Burkinabe air carrier by the US investor African Global Development is at a standstill.

https://www.africabusinessplus.com/en/811537/no-development-on-the-takeover-of-air-burkina-by-us-african-global-development/

According to Africa Business+ sources, the American aerospace investor, who planned to release up to $900 million to revive the flight plan of the Burkinabe air carrier, devastated by the health crisis of 2020 and the closure of the Malian sky to regional airlines, is now waiting for the position of the new authorities of the country.

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Air transport

05/07/2022 at 15h32, by Africa Business+

SkyMali negotiates various agreements with Air Burkina and Corsair 

The lifting of sanctions hastened the young Malian airline’s timetable, which is counting on cooperation...

Air transport

02/05/2022 at 17h02, by Africa Business+, updated 03/05/2022

EBOMAF’s Liza Transport and the Aga Khan’s IPS-WA considering Air Burkina after dismissal of its CEO

Colonel Blaise Sanou was dismissed last week after being accused of mismanagement. The Burkinabe Minister...

Air transport

27/04/2020 at 16h16, by Nadoun COULIBALY

African Global Development to inject $900m in Air Burkina in the midst of turbulence

According to our sources, the American investor active in aviation intends to invest up to $900m to...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.