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RIP Air Afrique  
User currently offlineKevin From Canada, joined Dec 2000, 1142 posts, RR: 0
Posted (13 years 1 week 2 days 10 hours ago) and read 953 times:

Air Afrique (Abidjan) will be liquidated (the company currently has over $400 million in debt) by their 11-member states ownership group. In its place a new Air Afrique will be formed (the 11-member states will now own less than 30% of the shares of the new company, Air France will own the largest portion).



4 replies: All unread, jump to last
 
User currently offlineWatewate From Canada, joined Nov 2000, 2284 posts, RR: 1
Reply 1, posted (13 years 1 week 2 days 10 hours ago) and read 930 times:

I guess the attempts to restructure the airline failed spectacularly? I don't think anyone is surprised by this, as rooting out the inherent corruption in the organization seemed too great to overcome. Maybe AF can make a decent airline from scratch to add to SkyTeam mix.

User currently offlineBHopsde From , joined Dec 1969, posts, RR:
Reply 2, posted (13 years 1 week 2 days 10 hours ago) and read 919 times:

I think that'll be better...I know the 11-member AFrican countries took great pride in the ownership of Air Afrique. But with financing assistance from AF it will create, possibley, a more secure, stable , and happier new Air Afrique!

User currently offlineSA-JET From South Africa, joined May 2000, 297 posts, RR: 0
Reply 3, posted (13 years 1 week 2 days 2 hours ago) and read 895 times:

Nothing will change. "New" company, same problems-African bureaucracy and political in-fighting.

User currently offlineBruneiair From , joined Dec 1969, posts, RR:
Reply 4, posted (13 years 1 week 2 days 2 hours ago) and read 888 times:

Skyteam member coming up, would you like french fries with that sir  Big grin

~J~


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