in Business & Finance

Air Burkina back in hands of Burkinabe government; seeks partner

Posted 12 April 2017 · Add Comment

The Aga Khan Fund for Economic Development (AKFED) has divested itself of its 51% stake in Air Burkina selling it to the Burkinabe government, reports ch-aviation.


The Burkinabe government had, in the six months prior, undertaken an audit of the airline's financial situation which it is now studying. It will then weigh up its options before actively looking for a strategic buyer. There is still a question around whether AKFED will retain Air Burkina's fleet, or if it will revert to the airline.

Air Burkina was purchased by AKFED in 2001, which attained 56% of its shares in the transaction. It employs around 230 people and operates two EMB-170 aircraft leased from an American bank through WNG Capital. Currently, Air Burkina flies to domestic destinations within Burkina Faso, as well as international routes to Ivory Coast, Ghana, Mali, Benin, Senegal, Togo and Niger. 

The transaction has not yet been confirmed by either AKFED, Air Burkina or the Burkinabe government.

* required field

Post a comment

Other Stories
Latest News

More helicopters for Burkina Faso

Burkina Faso signed two agreements covering the delivery of two Mil Mi-171Sh transport helicopters and associated weapons during Russia’s Army 2017 exhibition, according to Sergei Kornev, the deputy director general of the Russian

SITA: Biometric technology is emerging as top solution for airlines and airports

Biometric technology is emerging as the top solution for airlines and airports to automate identity checks amid rising passenger numbers. This is according to Biometrics for Better Travel: An ID Management Revolution, a report

Spike Aerospace predicts supersonic market exceeds 13 Million+ annually

"Supersonic flights could be enjoyed by over 13 million passengers annually when flights begin in 2025," according to Vik Kachoria, CEO & President of Spike Aerospace.

StandardAero achieves EASA AMO certification for South African PT6A engine MRO facility

Vector Aerospace Africa, a StandardAero company located in Lanseria, Johannesburg, South Africa, has secured European Aviation Safety Agency (EASA) aircraft maintenance organization (AMO) certification for its engine

Boeing 737 MAX 7 completes successful first flight

Boeing's new 737 MAX 7 successfully completed its first flight today. The airplane remains on schedule and now begins a comprehensive flight test programme leading to certification and delivery in 2019.

IATA innovates dangerous goods handling

The International Air Transport Association (IATA) has launched an innovative new solution for the air cargo industry: Dangerous Goods AutoCheck (DG AutoCheck safety and improve efficiency in the transport of dangerous goods by air

TAA SK0902311218
See us at
Aviation Africa BT18418Global Aerospace BT010518