Aga Khan Fund for Economic Development’s aviation venture in Uganda

Excerpt:

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
the year.

“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.

Source

Author: ismailimail

Independent, civil society media featuring Ismaili Muslim community, inter and intra faith endeavors, achievements and humanitarian works.

One thought

  1. Investment in aviation is extremely important in developing countries, particularly in Africa, as the benefits of safe, reliable air transportation and promotion of environmentally respectful tourism can help “jump start” the economy and raise living standards. The key now will be careful, measured growth directed by a knowledgeable senior team, taking into account the need for some degree of coordination in the countries concerned, especially re aircraft, routes and – above all – in promoting a culture of safety first and last.

    Like

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