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Industrial Updates
Troubled Air Mauritius, SA Airways Kenya Air, RwandAir talk co-op
Date:2019-01-02 Readers:
SOUTH African AirwaysKenya AirwaysAir Mauritius and RwandAir are in talks to create an alliance, in the face of mounting competition, reports Bloomberg.

"In a highly competitive environment, an alliance would allow partners to create a consolidated network to offer better choice and flexibility," said Air Mauritius CEO Somas Appavou. 

The talks come at a time when Kenya Airways is going through a restructuring after reporting loses for three consecutive years. 

In 2017, the Kenyan government and lenders agreed to convert US$405.3 million owed by the carrier into equity, giving the state the controlling interest. Last month, Air Mauritius reported a first-half loss of $20.2 million.

South African Airways received an unsolicited $1.4 billion loan offer in return for a 51 per cent stake in the cash-strapped state-owned carrier, City Press reported. 

RwandAir is prioritising adding new routes and overhauling its existing fleet over short-term profitability as the state-owned airline focuses on supporting the country's growing tourism industry.
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