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Thursday, September 30, 2010

Ethiopia, Egypt and South Africa to launch a new Airline



By Garth Theunissen - Sep 30, 2010 1:17 AM ET

South African Airways, the biggest airline in Africa, is in talks with Ethiopian Airlines and Egypt Air about starting a new carrier on the continent, Sake24 reported, citing SAA Chief Executive Siza Mzimela.

The state-owned company is expected to announce the new airline “within months,” the Johannesburg-based news agency said. The airline will operate in central and West Africa, according to Sake24.

SAA, Egypt Air and Ethiopian Airlines will all likely own minority stakes in the new venture and provide technical and managerial services, the news agency reported.

Central African countries in which the new airline is likely to operate include Gabon, Cameroon, Chad, the Democratic Republic of Congo, São Tomé & Principe and the Central African Republic, Sake24 said.

Garth Theunissen in Johannesburg gtheunissen@bloomberg.net
Gavin Serkin - gserkin@bloomberg.net

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