Aircraft Financing in Africa: How African Airlines Are Transforming Fleet Financing

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By Tristan Brouard Africa’s aviation industry stands at a critical juncture. With a rapidly growing population, the continued liberalization of skies under initiatives like the Single African Air Transport Market (SAATM), and demand for improved regional connectivity, the continent holds immense promise. Yet, for most African airlines, the most fundamental question remains: how do we sustainably finance fleet growth? Traditional …

SAA Appoints Prof. Lamola as Permanent Group CEO of SAA

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South African Airways has announced the appointment of Professor John Lamola as the Group Chief Executive Officer following “the approval by the Minister of Transport, Ms Barbara Creecy”. According to SAA, “the Board is confident that Professor Lamola’s appointment marks a turning point for SAA’s long-term financial health, who has the skill, track record, leadership skills, insight, and vision to …

Star Alliance Named the World’s Best Airline Alliance at Skytrax Awards

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SAA, Ethiopian Airlines & EgyptAir bags awards at Skytrax Awards Star Alliance has been awarded the “World’s Best Airline Alliance once again at this year’s prestigious Skytrax World Airline Awards.” Also, the Alliance’s newly launched Paris Charles de Gaulle airport lounge also won “the World’s Best Airline Alliance Lounge title in its first year.” Star Alliance CEO Theo Panagiotoulias received …

African Airlines Report 8.1% Growth In Passenger Travel In March

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The International Air Transport Association (IATA) has released data for March 2024 global passenger demand.  According to the data, “African airlines saw an 8.1% year-on-year increase in demand. Capacity was up 11.0% year-on-year. The load factor fell to 70.3% (-1.9ppt compared to March 2023).” IATA says: “Total demand, measured in revenue passenger kilometers (RPKs), was up 13.8% compared to March 2023. Total capacity, …

African Airlines Need To Work On Their Cost Structure

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Aviation & Allied Business Journal had an exclusive discussion with Mr. Esayas W. Hailu, CEO, ASKY Airlines in Abuja, Nigeria. He discusses major issues in the African aviation including funding, manpower and charges amongst others. Q: Congratulations on your recognition by AFCAC for being the airline with the most 5th Freedom Routes in Africa. In terms of motivation to open …

African Airlines Discuss Gender, Diversity, SAATM And Sustainable Development

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By Monday Ukoha Gathering Under the African Moon When we gather together in the moonlit village ground it is not because of the moon. Every man can see it in his own compound. We come together because it is good for kinsmen to do so. – Chinua Achebe. With these famed words of the famed Nigerian writer, Chinua Achebe, the …

African Airlines Register 28.1% Increase in Traffic In September 2023

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The International Air Transport Association (IATA) says the strong post-pandemic passenger traffic trend continued in September. According to IATA, “Total traffic in September 2023 (measured in revenue passenger kilometers or RPKs) rose 30.1% compared to September 2022. Globally, traffic is now at 97.3% of pre-COVID levels.” Domestic traffic hit a new high for the month of September, as traffic rose 28.3% versus …

African Air Cargo Volume Declines By 0.1% In September 2023

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The International Air Transport Association (IATA) has released data for September 2023 global air cargo markets, showing continuing demand recovery. According to IATA, “Global demand, measured in cargo tonne-kilometers (CTKs*), increased by 1.9% compared to September 2022 levels (+1.6% for international operations) while capacity, measured in available cargo tonne-kilometers (ACTKs), was up 12.1% compared to September 2022 (+11.0% for international operations). …

ASKY Wins Company of the Year Award

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Pan-African Airline, ASKY has been recognized as “Company of the Year” during the Gala event at the “Salon Ferin,” organized by the Terreau Fertile association in Lomé, Togo. ASKY says that this recognition as an exemplary company in the aviation industry and within the Pan-African economic landscape “testifies to the leadership, innovation, and positive impact that ASKY brings to the …