THE tiny landlocked African republic of Burundi will relaunch a state-owned airline next year, more than a decade after the failure of its erstwhile carrier, Air Burundi, reports Bloomberg,
The state will hold a 92 per cent stake in Burundi Airlines, which will be the latest carrier to enter East African skies after the introduction of Uganda Airlines and the revamping of Air Tanzania.
A Belgian company will take a four per cent stake and the rest will belong to state-owned insurer Societe d'Assurances du Burundi, or Socabu, according to a cabinet statement.
The airline will be formed through the merger of Sobugea, an agency that runs the country's airports, and Air Burundi, which has not operated a plane since 2009.
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The state will hold a 92 per cent stake in Burundi Airlines, which will be the latest carrier to enter East African skies after the introduction of Uganda Airlines and the revamping of Air Tanzania.
A Belgian company will take a four per cent stake and the rest will belong to state-owned insurer Societe d'Assurances du Burundi, or Socabu, according to a cabinet statement.
The airline will be formed through the merger of Sobugea, an agency that runs the country's airports, and Air Burundi, which has not operated a plane since 2009.
SeaNews Turkey