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Burundi Launches Airline Amid Similar Initiatives in East Africa
Burundi Launches Airline Amid Similar Initiatives in East Africa
29 Dec 2020, 12:39 AM IST
(Bloomberg) -- Burundi will relaunch a state-owned airline next year, more than a decade after the failure of its erstwhile carrier, Air Burundi.
The state will hold a 92% stake in Burundi Airlines, which will be the latest carrier to enter East African skies after the introduction of Uganda Airlines and the revamping of Air Tanzania Co. A Belgian company will take a 4% stake and the rest will belong to state-owned insurer Societe d’Assurances du Burundi, or Socabu, according to a cabinet statement.
The airline will be formed through the merger of Sobugea, an agency that runs the country’s airports, and Air Burundi, which has not operated a plane since 2009.
©2020 Bloomberg L.P.
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