Rabat, Morocco - West and central Africa have rapidly growing aviation markets, but the local airlines are having a hard time defending their turf against foreign competition.
Many African airlines "have very short life spans," Jacques Courbin, president of the African air traffic control agency Asecna, told the magazine Jeune Afrique.
Athens - The European Commission Tuesday approved the sale of Greece's national carrier Olympic Airlines to the Marfin Investment Group after years of failed privatisation attempts.
The deal involving Marfin, a Greek-based investment holdings company, comes a month after the conservative government made a last- minute appeal for investors to rescue Olympic, after an international tender failed to produce satisfactory offers.
Bids by two other companies for the ailing airline, Aegean Airlines and US-based Chrysler Aviation, were rejected.
Athens - After years of failed privatization attempts, the Greek government sealed a deal Friday with the country's largest buyout firm, Marfin Investment Group, for the sale of debt-ridden carrier Olympic Airlines, said Development Minister Kostis Hatzidakis.
The deal involving Marfin (MIG) comes a month after the conservative government made a last-minute appeal for investors to rescue Olympic, after an international tender failed to produce satisfactory offers.
Athens - After years of failed privatization attempts, the Greek government sealed a deal Friday with the country's largest buyout firm, Marfin Investment Group, for the sale of debt-ridden carrier Olympic Airlines, media reports said.
The deal involving Marfin and Swissport, a subsidiary of Spain's Ferrovial, comes a month after the conservative government made a last-minute appeal for investors to rescue Olympic, after an international tender failed to produce satisfactory offers.
Ankara - Turkish Airlines Tuesday announced that it was prepared to immediately pay compensation to the families of those killed and all surviving passengers on board flight TK 1951 which crashed while approaching Amsterdam's Schiphol Airport last week.
Rabat, Morocco - West and central Africa have rapidly growing aviation markets, but the local airlines are having a hard time defending their turf against foreign competition.
Athens - The European Commission Tuesday approved the sale of Greece's national carrier Olympic Airlines to the Marfin Investment Group after years of failed privatisation attempts.
Athens - After years of failed privatization attempts, the Greek government sealed a deal Friday with the country's largest buyout firm, Marfin Investment Group, for the sale of debt-ridden carrier Olympic Airlines, said Development Minister Kostis Hatzidakis.
Athens - After years of failed privatization attempts, the Greek government sealed a deal Friday with the country's largest buyout firm, Marfin Investment Group, for the sale of debt-ridden carrier Olympic Airlines, media reports said.
Seoul - North Korea on T
Ankara - Turkish Airlines Tuesday announced that it was prepared to immediately pay compensation to the families of those killed and all surviving passengers on board flight TK 1951 which crashed while approaching Amsterdam's Schiphol Airport last week.
