EgyptAir helps Ghana to establish new flag carrier
Last week the government concluded negotiations with the carrier for a joint venture to establish a new national airline in Ghana.
December 16, 2020: After Ghana signed a memorandum of understanding (MoU) with EgyptAir for the establishment of a new flag carrier in October, last week the government concluded negotiations with the carrier for a joint venture to establish a new national airline in Ghana.
A previous attempt at creating a partnership with Ethiopian Airlines fell through over issues such as routes and funding. The only thing remaining for the new deal is for it to be approved by Ghana’s Parliament, as reported by Simple Flying.
Ghana’s minister for aviation, Joseph Kofi Adda, had announced that an agreement had been reached with EgyptAir to help launch a new Ghanaian flag-carrier.
“We have compiled all we need to compile, which includes the shareholders’ agreement, the business plan, to ensure that we get the approval of the key agencies from Ghana. Parliament is the only step left for us to have a national airline,” he stated.
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While details of the deal remain unclear, EgyptAir is expected to take a majority equity stake in the emerging new airline.