Lonrho in agreement to develop new Angolan airline
Enviado: Qui Jun 28, 2007 12:39
(Source: http://www.engineeringnews.co.za/articl ... _id=111247)
By: Nelendhre Moodley
Published: 19 Jun 07 - 12:32
JSE-listed Lonrho Africa has signed a memorandum of understanding (MoU) with Sociedade De Gestate E Participacoes Financieras (GEFI), one of the largest internal investment companies in Angola to develop a new airline in Angola, for the passenger, freight, leasing and charter markets with GEFI, through their wholly owned subsidiary Planar, an aircraft operating agency that owns warehousing and office facilities at Luanda airport.
GEFI also owns other facilities throughout the country, including the required flight permissions and licences to operate the new airline.
Lonrho’s exposure within the aviation sector put it in a strong position to manage the new airline, as subsidiaries include the budget airline Fly 540 operating in East Africa and Norse Air, an aviation logistics company operating across a number of countries, the company said in a statement.
The MoU provides a three-month exclusive period for the parties to review the opportunities in the Angolan aviation market and structure and start the development of the new airline.
"The MoU with GEFI should allow Lonrho to develop a new airline to support Angola’s strong economy, which is being aided by accelerated growth from oil and diamond revenues. We believe that the new airline can rapidly become a significant part of an expanding domestic market in Angola and a buoyant natural resources market across Africa," said Lonrho CE David Lenigas.
Edited by: Liezel Hill
By: Nelendhre Moodley
Published: 19 Jun 07 - 12:32
JSE-listed Lonrho Africa has signed a memorandum of understanding (MoU) with Sociedade De Gestate E Participacoes Financieras (GEFI), one of the largest internal investment companies in Angola to develop a new airline in Angola, for the passenger, freight, leasing and charter markets with GEFI, through their wholly owned subsidiary Planar, an aircraft operating agency that owns warehousing and office facilities at Luanda airport.
GEFI also owns other facilities throughout the country, including the required flight permissions and licences to operate the new airline.
Lonrho’s exposure within the aviation sector put it in a strong position to manage the new airline, as subsidiaries include the budget airline Fly 540 operating in East Africa and Norse Air, an aviation logistics company operating across a number of countries, the company said in a statement.
The MoU provides a three-month exclusive period for the parties to review the opportunities in the Angolan aviation market and structure and start the development of the new airline.
"The MoU with GEFI should allow Lonrho to develop a new airline to support Angola’s strong economy, which is being aided by accelerated growth from oil and diamond revenues. We believe that the new airline can rapidly become a significant part of an expanding domestic market in Angola and a buoyant natural resources market across Africa," said Lonrho CE David Lenigas.
Edited by: Liezel Hill