Browsing: Aviation in East Africa

Africa is set to become one of the fastest-growing regions for aviation in the next 20 years with an annual expansion of nearly 5 per cent, according to the International Air Transport Association (IATA).

According to the International Air Transport Association (IATA), this growth is being driven by African and international carriers adding more routes on the continent and scaling up their operations by acquiring or getting partnerships with other airlines operating in the region.

Turkish Airlines in the past decade tripled the number of African cities it serves from 18 to 56, while other Middle Eastern, European and Asian airlines, are adding routes as well.

Meanwhile, other African carriers are rushing to raise capital to fund their expansion, by offering to sell stakes in their companies to other airlines on the continent.

Like in 2018 Ethiopian Airline, the continent’s largest airline by revenue and profit signed a deal to …

Rwanda—East Africa’s fastest-growing economy has paved the way for Qatar Airways—world’s best airline in 2019, to get 60 per cent stake in the new $1.3 billion international airports in Rwanda.

This is according to a Reuters report which says that the information was revealed by state-run development board on Monday 10 December 2019.

The international news outlet says the development board highlighted that the first phase of construction would provide facilities for 7 million passengers a year in the Bugesera district, about 25 km southeast of the nation’s capital Kigali.

Further, the second phase, which is expected to be completed by 2032, would double capacity to 14 million passengers a year.

Rwanda has been an active economic performer in the region, whereby—the African Development Bank report shows that the real GDP growth in Rwanda reached 6.1 per cent in 2017 and was estimated at 7.2 per cent in 2018 …