Cote d’Ivoire airline gets $24 million government boost

ABIDJAN (Reuters) – Ivory Coast’s national airline Air Cote d’Ivoire received 14 billion CFA francs ($24.09 million) from the government to keep it afloat as the coronavirus pandemic shut down flights, its chief executive said on Friday.

CEO Rene Decurey also told Reuters in an interview that the company plans to receive a new Airbus A320neo in October, which will be the 11th plane in its fleet.

After a three-month suspension due to the pandemic, domestic flights resumed on Friday and international flights are scheduled to restart on July 1, the Ivorian government announced on Thursday.

“We think that if we can start (regional flights) in the month of July, we will, if everything goes well, recover 80% of our passengers by the end of the year,” Decurey said.

Air Cote d’Ivoire carried more than 750,000 passengers last year. Ivory Coast is home to Abidjan airport, one of West Africa’s busiest hubs that connects flights across the region.

Related Content

Tanzania confirms first coronavirus death

Tanzania confirmed its first coronavirus death on Tuesday, Health Minister Ummy Mwalimu said in a statement.

Zimbabweans enter coronavirus lockdown amid severe economic crisis

Zimbabwe began a 21-day nationwide lockdown on Monday, following neighbour South Africa in implementing some of the world’s toughest anti-coronavirus measures likely to hurt an economy already suffering hyperinflation and food shortages.

How SA’s lockdown will work

South Africa's national lockdown will begin on the evening of Thursday 26 March 2020 at 23:59.

South Africa’s coronavirus cases rise to 709

South Africa’s number of coronavirus cases has risen to 709, from 554 on Tuesday, Health Minister Zweli Mkhize said on Wednesday.

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

More from CNBC Africa

Akinwumi Adesina pays tribute to Prime Minister Amadou Gon Coulibaly

A humble man. A selfless man. A faithful man. A shining light. We met and spoke together on several forums around the world: on the plane, at airports, in high level forums and summits. My impression of him was the same: calm; wise; insightful. A man of few words, whose every word was always well honed for impact. He spoke always from his heart. An he had a heart of gold.

S.Africa’s banks mull how to avoid loan defaults when virus relief ends

JOHANNESBURG (Reuters) - South African banks are looking at options ranging from debt consolidation to new ways of leveraging equity to avoid...

Africa could have COVID-19 vaccine in Q1 if human trials work: S.Africa trial lead

JOHANNESBURG (Reuters) - Africa could have a COVID-19 vaccine in the first quarter of 2021 if human trials underway in South Africa...

South Africa’s Eskom implements first power outages in months

JOHANNESBURG (Reuters) - Struggling South African power utility Eskom implemented planned power outages for the first time since March on Friday, ending...

Partner Content

Maktech’s Godwin Makyao: Now Is A Time of Entrepreneurial Opportunity in East Africa

As an executive decision-maker in both the telecommunications and tourism industries, Godwin Makyao could not have experienced a more diverse set of...

Sanlam launches urgent job-preservation initiative in response to COVID-19

Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to...

Trending Now

South Africa’s rand recovers but caution remains, stocks slip

JOHANNESBURG (Reuters) - South Africa’s rand recovered in afternoon trade on Friday, after sliding earlier due to concerns about rising COVID-19 cases...

African born Billionaire Elon Musk’s net worth zooms past Warren Buffett’s

The blistering rally also puts Musk in reach of a payday potentially worth $1.8 billion, his second jackpot from the electric car maker in about two months.

U.S. sets record for new COVID cases third day in a row at over 69,000

“If we don’t adopt this best practice it could lead to a shutdown of business,” the Republican governor told local KLBK-TV in Lubbock, adding it was the last thing he wanted.

South Africa set to make SAA funding commitment, official says

JOHANNESBURG (Reuters) - The South African government is “on course” to provide a funding commitment for the restructuring of loss-making South African...
- Advertisement -