in Business & Finance

Mahogany Air secures funding to resume operations

Posted 10 May 2017 · Add Comment

Zambia's Mahogany Air has again outlined plans to resume commercial passenger operations, nearly three years after they were first suspended, reports ch-aviation.

Chief executive officer Jim Belemu said over USD200,000 will be invested in the training of staff in preparation for a resumption of operations.

“To promote capacity building of the local staff, the airline has entered into an agreement with Sahara African Aviation (Nelspruit) in South Africa to conduct training for pilots and cabin crew," he said. “There is need to give an opportunity to the youths, including those who had never had an opportunity. This will benefit the company and the country in general."

Belemu said earlier this month that a consortium of Zambian and Dubai-based investors had pledged to recapitalize Mahogany Air to the tune of USD23 million spread over the next three years. This year alone, USD3 million will be pumped into the business followed by USD10 million in 2018 and USD10 million in 2019.

Belemu added that the process of securing a new Air Operator's Certificate (AOC) from the Zambian Civil Aviation Authority (ZCAA) has already been started in anticipation of a possible June relaunch.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Emirates renews its support to Mauritius and Seychelles

Emirates has announced its renewed support to Mauritius and the Seychelles by extending its global marketing agreement with the respective Tourism Boards of the two countries.

Global standards, collaboration are key to future of ground handling

The International Air Transport Association (IATA) has highlighted three key priorities for the ground handling industry to support the growing demand for air travel: harmonizing global standards to improve safety, improving

SAA retains 4-Star Skytrax ranking

South African Airways (SAA) has maintained a 4-Star Skytrax ranking, in both Business and Economy Class, for a 16th consecutive year.

Aviation Africa 2018: Cyber security: Not if, but when

An airline’s greatest cyber-security threat may also be its most precious asset – its staff – according to panellists speaking at Aviation Africa in Cairo. Victoria Moores reports.

Aviation Africa: MROs eye tremendous market in Africa

Speaking at the Aviation Africa MRO panel Hisham Ali, consultant to the Chairman of Egypt Air, said that African MRO market is growing. Africa represents four percent of the global 25,368 fleet and 3.9 percent of global 75.6 billion USD

Aviation Africa 2018 gets under way in Cairo

The Aviation Africa Summit and Exhibition 2018 is under way in Cairo with over 980 delegates and visitors at the two-day event.

TAA SK0902311218
See us at
AAD2018 BTGlobal Aerospace BT010518AirCargoAFA_BT220318210219