Flights across South Africa's airspace have dropped to a standstill as airlines ground planes to stop the spread of coronavirus. Stills from flight tracking service Flight Radar 24 reveals a massive reduction in planes flying over the country.
The Kenyan airline, which is 48.9% government-owned and 7.8% by Air France-KLM, restructured $2 billion of debt in 2017.
The airline was forced to restructure $2 billion worth of debt in late 2017 after a slump in Kenyan travel following militant attacks.
Assessing AMCON's intervention in Arik & Aero contractors
While there is a steady increase in the number of African carriers they still cannot fully compete with the likes of European or Middle Eastern carriers.