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Thu,23Nov2017

aviation

Rwanda signs $818 million deal for new international airport

Rwandan troops who have returned from the Sudan's Darfur region walk past the U.S. Air Force One at Kigali International airport. File Photo©Thomas Mukoya/ReutersRwanda has signed a deal with the African division of Portuguese construction firm Mota-Engil to build an international airport at a cost of $818 million, the company and government officials said.

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Aviation: Tunisia's state airline to cut 1,000 jobs

File photo©ReutersTunisair, Tunisia's state-owned carrier, plans to lay off 1,000 employees or more than 12 percent of its full-time workforce, as part of reform plans.

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South African airlines asks lenders for $1bn

South African Airlines. Photo©AIRBUS/AP/SIPASouth Africa's cash-strapped national carrier plans to raise 16 billion rand ($1 billion) from banks and other financial institutions, a newspaper notice showed, days after saying it could pay its debts.

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Employment: Take these broken wings and learn to fly

Photo©MONIRUl BHUIYAN/AFPDon't say it too loud: government can run some businesses well, as long as it is done at arm's length. Ethiopian Airlines posted $148m in profit last year, eclipsing the combined $100m that all other public and private African carriers reported.

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Aviation: Ethiopian Airlines, SA firm in aerospace joint venture

Tewolde Gebremariam, CEO of Ethiopian Airlines group. Photo©Elias Asmare/AP/SIPAEthiopian Airlines has signed an agreement with a South African company that will see the two firms forming a joint venture that will spearhead a new aerospace manufacturing entity in Ethiopia.

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Ghana aviation workers threaten crippling strike

File Photo©Yves Logghe/AP/SIPAGhana's civil aviation authority's workers have threatened to shut down the country's airspace beginning Friday in protest against the body's failure to install equipment to guarantee safety at airports.

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Aviation: Ethiopian Airlines says looking at A350-1000 and Boeing 777X

Photo©Gene J. Puskar/AP/SIPAEthiopian Airlines is weighing whether to expand its fleet with the 366-seat Airbus A350-1000 or the latest version of the 777 long-haul jet built by its traditional supplier Boeing, widely known as the 777X, its chief executive said.

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Aviation: Ethiopian Airlines receives Africa's first Airbus A350

Tewolde Gebremariam, group CEO of Ethiopian Airlines says the new aircraft is a testimony of the airline's commitment. Photo©JA Ethiopian Airlines on Tuesday took delivery of its first Airbus A350 plane in the French aeronautics city of Toulouse, becoming the first African carrier to own the new-generation wide-body aircraft.

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Aviation: Fastjet investors block chairman's removal

Colin Child is to remain as Chairman of Fastjet Plc. Photo©FastjetFastjet Plc investors voted to retain Chairman Colin Child, defeating a move by the African budget carrier's second-largest shareholder to force out a second top executive within three months.

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Aviation: Domestic flights in Nigeria disrupted by fuel shortage

File photo©ReutersFuel shortages have caused an increase in cancellations and delays to internal flights in Nigeria over the last few days, a spokesman for the aviation authority said on Tuesday.

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Aviation: Cape Verde state airline to cut jobs, debt in restructuring plan

File photo©ReutersCape Verde's loss-making national airline plans to cut nearly a quarter of its staff and review flight routes later this year as part of a restructuring plan to reduce debt and attract foreign investors, the company head told Reuters on Monday.

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Zimbabwe police probe US plane after discovery of corpse

File Photo©ReutersZimbabwean police say they need more time to investigate the discovery of a dead body in a United States cargo plane, transporting cash to South Africa, after it stopped for refuelling in Harare on Sunday.

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Ghana: Service disruptions to rock Kotoka international airport

Disruptions to the services at the Kotoka International Airport (KIA) in Ghana’s capital, Accra are expected to start from Friday until a solution is foundAir traffic services at the Kotoka International Airport (KIA) in Ghana's capital, Accra, are likely to be disrupted in the coming days following authorities' failure to resolve an impasse between the country's aviation authority and a company that runs services at the airport.

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Kenya Airways picks U.S. investment banking firm to advise on capital-raising

File Photo©ReutersIn a bid to secure its survival after a long period of losses, Kenya Airways has selected U.S. investment banking firm PJT Partners to advise on long-term capital-raising and the restructuring of its balance sheet.

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Air Mauritius in 2015, 3Q profit

Air Mauritius swung to a pretax profit of 11.03 million euros ($12.5 million) in its third quarter to 31 December from a loss of 2.4 million euros a year earlier, helped by revenue and passenger growth.

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New Ethiopian Airlines academy launch at the forefront of African aviation development

Photo©Ethiopian Airlines AcademyEthiopian Airlines has inaugurated it's the refurbished aviation academy, rebuilt at a cost of $100 million. The rebuilt academy, the airline said on Sunday, will increase its annual intake capacity to 4,000 students.

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Aviation: Zimbabwe shields struggling Air Zimbabwe from competition

Zimbabwe says it is protecting its struggling national carrier – Air Zimbabwe - by refusing to grant permission to airlines that want to service the lucrative Harare- London route.

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Kenya Airways replaces finance director after years of loss-making

Kenya's loss-making national carrier Kenya Airways replaced its finance director on Tuesday, months after it announced a turnaround plan to return to profitability.

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Aviation: Citibank cancels loan facility to South African Airways

Citibank has canceled a 250 million rand ($15 million) loan facility to state-owned South African Airways (SAA), the Treasury said on Monday, the latest blow to the cash-strapped airline at the centre of a political storm.

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Aviation: South Africa's woes continue

Photo©ReutersSouth Africa Airways has been plunged into yet another crisis after pilots passed a vote of no confidence in the chairperson and the board of directors and resignations of high-ranking officials.

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