Ghana, Egypt Air reach partnership agreement

Ghana, represented by its Ministry for Aviation claims to have reached a firm agreement with Egypt’s national airline Egypt Air, to establish a joint venture national flag carrier airline for the country. Last week, Ghana’s aviation minister revealed that negotiations between the two counterparties towards a mutually agreed structure for he proposed airline have been concluded. This means that the stage is almost set for commencement of processes to register the proposed new airline, capitalize it, establish the organizational structures and move to acquire or lease initial aircraft. "We have indeed completed negotiations that we need to conclude with our partner, Egypt Air, in this case, Aviation Minister Joseph Kofi Adda announced last week. All the issues that were outstanding in the past have been resolved. We have compiled all we need to compile, which includes the shareholders agreement, the business plan, to ensure that we get the approval of the key agencies from Ghana. Parliament is the only step left for us to have a national airline.”<br/>