Aviation News Item: 00069

17th Nov 2009

Source: evaint.com

The Dubai Air Show has witnessed the official public unveiling of the new national carrier of the Republic of Senegal - Senegal Airlines. Established to commercially exploit the gap left with the departure of Air Senegal International, the new airline will take to the skies in early 2010, initially with a fleet of leased aircraft.

The setting up of the new airlines, including the business plan, is being provided by the consultants of tasc aviation.
The Senegal Government will not take part in the daily running of the new carrier but will retain a minority stake. The company's founding capital is valued at USD 34 million, with the private sector retaining the majority 64 per cent stake holding; Public Sector will hold a 15 per cent share, while the employees will have their own allocation equivalent to 5 per cent. The Government will retain the remaining 16 per cent as a sign of its confidence in the flag carrier and its intention for continuous future support of the company.

The new airline is expected to gradually introduce a comprehensive network from Dakar to more than 20 destinations that will include regional capitals, such as Abidjan, Bamako and Banjul, as well as other major points in West Africa, such as Accra and Lagos. Intercontinental services will ultimately reach Paris, Milan and Brussels amongst others.

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