Burundi Launches Airline Amid Similar Initiatives in East Africa

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.