Burundi will relaunch a state-owned airline next year, more than a decade after the failure of its erstwhile carrier, Air Burundi.

The state will hold a 92% 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 Co. A Belgian company will take a 4% 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.

https://www.bnnbloomberg.ca/burundi-launches-airline-amid-similar-initiatives-in-east-africa-1.1541705

Leave a Reply

Your email address will not be published. Required fields are marked *

*