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Two local investors submit proposals for national airline

Two domestic investors, according to a report by AviationGhana, have submitted their proposals and made formal presentations to a government committee mandated to receive and peruse proposals to partner the Ghana Government establish a new national carrier.

The two proposals bring to four the number of firm proposals under consideration by the committee, which operates under the Ministry of Transport.

EgyptAir and Ethiopian Airlines’ proposals are the other two under consideration. AviationGhana reports that “the two local investors have deep pockets and have business interests in real estate, hospitality, media, and manufacturing and collectively employ hundreds of people.”

One of the domestic investors has gone a step further to obtain an Air Carrier License (ACL) and is pushing to meet all requirements for the granting of an Air Operator Certificate (AOC). The two certificates are required by the sector regulator, Ghana Civil Aviation Authority (GCAA), to operate as an airline in Ghana.

The other local investor, AviationGhana sources say, has all the means to complete the ACL and AOC processes and has shown proof of funds.

The Committee, chaired by Mr. Twumasi Ankrah Selby, is expected to make recommendations to the Transport Minister, Kwaku Ofori Asiamah who will then present the final recommended proposal to the cabinet.

Story Credit: Bora Capital Advisors

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