Senegal has created Air Senegal, a new national airline intended to replace the heavily indebted carrier Senegal Airlines, the minister of tourism and air transport said on Friday.
Maimouna Ndoye Seck said the new company was formed with capital of 40 billion CFA francs ($69 million) aimed at making the new airline operational as quickly as possible as it seeks "a strong strategic partner".
Senegal state-owned television said late on Friday that Turkish Airlines was the front-runner to take a stake in Air Senegal. President Macky Sall was in Istanbul for a summit of Islamic nations.
A ministry official confirmed the state had contributed the initial capital and total capital would eventually more than double to 100 billion CFA francs.
Senegal revoked the air operator's certificate of the previous carrier Senegal Airlines, which ran up debts of more than 100 billion CFA francs in less than five years of operation.
The state owned a minority stake. By the time it was shut down, the airline no longer possessed any aircraft.
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Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.
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