Public Management

Air Burkina sends staff on temporary unemployment for 3 months

Air Burkina sends staff on temporary unemployment for 3 months
Monday, 18 May 2020 14:43

The Burkinabe national carrier Air Burkina sent its staff on technical unemployment for 3 months due to the coronavirus pandemic. “Considering the impact of the coronavirus on the financial situation of the company [...] Air Burkina staff is placed on partial technical unemployment as of May 15 for three months,” the MD Blaise Sanou said.

In a liquidity crisis, Air Burkina “will pay each employee compensation corresponding to 70% of their gross salary,” the MD said.

“During the period of technical unemployment, the staff is required to remain at the disposal of Air Burkina. This decision cancels any previous provision to the contrary, including the dismissal of certain employees.”

In a previous circular dated 17 April, a pessimistic Blaise Sanou said “no commercial flights are planned between April and June. Also, the opening of routes to Libreville and Abuja planned during this period are postponed to later dates.”

These three additional months of suspension of activities will probably allow Air Burkina to accelerate the negotiations underway with the American investor, African Global Development, for its partial resumption.

In an interview with Jeune Afrique on 30 April, Blaise Sanou revealed that if the “already very advanced” negotiations are successful, the estimated debt of $23 million would be cleared. The American buyer also undertakes to reinforce the Air Burkina fleet with new aircraft, including an Airbus 220, within 60 to 90 days.

Romuald Ngueyap

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Bank aims to raise CFA67.5 billion ($120 million) by selling 20% stake on BRVM Offering expected in May 2026, with listing scheduled for August...
Ivory Coast adopted two draft laws to reform banking and microfinance regulations. The banking reform introduces Islamic finance, fintech companies and...
Gabon created a National Public Debt Committee to oversee debt policy, coordination and control. The government also launched an audit to determine the...
The World Bank approved a $225 million program to strengthen healthcare, nutrition and early childhood development in Ivory Coast. The program...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...

Weekly Health Update | Africa Steps Up Pandemic Preparedness as Health Sovereignty Takes Center Stage
05

Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...

Chinese Automaker Jetour to assemble SUVs in South Africa from 2027
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.