in Business & Finance

Mahogany Air secures funding to resume operations

Posted 10 May 2017 · Add Comment

Zambia's Mahogany Air has again outlined plans to resume commercial passenger operations, nearly three years after they were first suspended, reports ch-aviation.

Chief executive officer Jim Belemu said over USD200,000 will be invested in the training of staff in preparation for a resumption of operations.

“To promote capacity building of the local staff, the airline has entered into an agreement with Sahara African Aviation (Nelspruit) in South Africa to conduct training for pilots and cabin crew," he said. “There is need to give an opportunity to the youths, including those who had never had an opportunity. This will benefit the company and the country in general."

Belemu said earlier this month that a consortium of Zambian and Dubai-based investors had pledged to recapitalize Mahogany Air to the tune of USD23 million spread over the next three years. This year alone, USD3 million will be pumped into the business followed by USD10 million in 2018 and USD10 million in 2019.

Belemu added that the process of securing a new Air Operator's Certificate (AOC) from the Zambian Civil Aviation Authority (ZCAA) has already been started in anticipation of a possible June relaunch.

* required field

Post a comment

Other Stories
Latest News

Aerosud Aviation in partnership with DB Schenker South Africa

Aerosud Aviation has selected DB Schenker South Africa as its new logistics partner.

Africa's first "civil" C295 begins humanitarian operations from Kenya

DAC Aviation International has received the first Airbus C295 to be used on the civil registry in Africa,

Angola orders C295s for maritime surveillance

Angola has ordered three C295 transport aircraft from Airbus Defence and Space, writes Jon Lake.

Inmarsat and Panasonic Avionics in strategic collaboration for Commercial Aviation

Inmarsat and Panasonic Avionics Corporation (Panasonic) have agreed a strategic collaboration, for an initial ten-year period, that enables them to combine their highly complementary market leading services to offer broadband

AAD: Helix – the manned ISR platform

CADG chose AAD to launch its new manned intelligence, surveillance, and reconnaissance (ISR) platform – Helix.

AAD: Aurecon bringing its African ideas to life

Aurecon was at AAD for the first time to highlight its engineering capabilities and products. “We want to become a true African business,” explained managing director, Africa, Ferdi Nell.

TAA SK1009311218
See us at
AviationAfrica_BT0607280219AirCargoAFA_BT220318210219MarrakechAirshow BT2507241018AAD2018 BT