The Ivorian government announced the disbursement of $24 million to support the national carrier -Air Côte d'Ivoire- which has been running a deficit since 2012 when it started operations. In an interview with Reuters on June 26, the company’s MD, René Decurey (pictured), said the government support will help keep the company afloat and mitigate the impact of the pandemic.
Air Côte d'Ivoire has suspended operations since mid-March this year in line with the measures taken by governments all over the world to control the propagation of the coronavirus. The situation has worsened the company’s already fragile financial state. In 2017, the Ivorian airline reported a five-year cumulative loss of CFA65.5 billion (about $112 million).
Three months after it suspended its operations, the company announced it has resumed domestic flights on June 26 and is expecting international lines to reopen on July 1st. “If everything goes well, the airline hopes to recover 80% of its passengers by the end of 2020, if it resumes regional services in Jul-2020,” explained René Decurey.
As part of the densification of its fleet, Air Côte d'Ivoire, which carried more than 750,000 passengers last year, was expecting the delivery of the first two Airbus A319neo and A320neo aircraft from the second quarter of 2020. According to René Decurey, the A320neo will be delivered next October, bringing the fleet to eleven aircraft. Currently, the airline operates four A319ceo, two A320ceo, and four Dash8-400s.
Romuald Ngueyap
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...
The Gates Foundation and ADQ launched a four-year initiative to transform education in sub-Saharan...
Tinubu approves partial write-off of NNPC debts to Nigerian government Decision cancels $1.42 billion and 5.57 trillion naira obligations Move...
Djibouti, Egypt sign port, logistics and energy cooperation agreements Deals include 23-MW solar plant to power Doraleh port operations Aim is to cut...
Algeria launches $207 million tire factory project in Touggourt Plant targets 5 million annual units, boosting industrial self-sufficiency Move...
Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal insertions, urges suspension and investigation Government...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...