EgyptAir plans Africa growth while seeking $300m support

EgyptAir is looking to expand in Africa as air traffic recovers from the pandemic, even as the carrier seeks more than $300m in additional government aid. The state-owned airline plans to help develop a new Ghanaian carrier and is weighing a joint venture with a Sudanese airline, according to Roshdy Zakaria, CEO of EgyptAir Holding Co. The new airline, likely called Air Ghana, will probably begin operations “in a couple of months,” he said. EgyptAir will provide four Boeing 737-800 aircraft to the Accra-based airline in which it will have a 75% share, Zakaria said. The company is also in talks with Sudan Airways, the troubled state carrier of Egypt’s southern neighbor, for an initiative that might involve establishing a transport hub, Zakaria said. “To spread in Africa, that is our main goal,” the CEO said. “When we have a hub somewhere in the middle of Africa that will give us a chance to reach” new destinations.<br/>