MaverickM11
Topic Author
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Joined: Thu Apr 06, 2000 1:59 pm

Senegal Will Take Control Of Air Senegal From At

Wed Oct 31, 2007 3:28 pm

In French:

http://www.jeuneafrique.com/jeune_af...e.asp?art_cle=AFP51147lesngmarale0

"Le Sénégal a annoncé mardi qu'il prendrait prochainement le contrôle d'Air Sénégal International (ASI), en visant une participation de 75% de la compagnie aérienne aux dépens de l'actionnaire majoritaire actuel, Royal Air Maroc (RAM). "

Royal Air Maroc will retain 25% ownership. The move should take place 5 November. RAM has held 51% of the company since its inception with the Senegal State owning the rest. According to Dakar the airline lost 16.7 million dollars in 2006. Recently Dakar also announced the start of a domestic airline "Senegal Air Teranga".

I thought V7 was doing better than this.
E pur si muove -Galileo