Among the new firms is one owned by the Aga Khan Fund for Economic
Development. It has offices in Serena Hotel Kampala.
Prof. Thomas Wolfgang, the head of the Aga Khan Tourism Services, said
the airline was expected to start operations in the second quarter of
“We are in the process of establishing the airline. We haven’t yet
decided what it will be called, but when this process is completed, we
shall agree on what name to use,” said Wolfgang.
In the meantime, the company has applied for a licence under the name
of Meridiana Africa Airlines Uganda Limited.
The airline is expected to initially serve major regional routes like
Nairobi, Kilimanjaro, Kigali and Dar-es-Salaam. The group intends to
invest $20m (about sh40b) in the venture.
It will initially start with two aircrafts, for both cargo and
passengers. The plan is to consolidate its position in the region
before it considers long haul routes.
The Aga Khan Foundation also has a controlling stake in the national
carriers of Mali and Burkina Faso. Meridiana, which already operates
in Italy, is the second largest carrier there.