Transport & Logistics
African Global Development to inject $900m in Air Burkina in the midst of turbulence

African Global Development to inject $900m in Air Burkina in the midst of turbulence

According to our sources, the American investor active in aviation intends to invest up to $900m to realign the Burkinabe air carrier’s flight path, which has been blown off course by the Covid-19 epidemic.

Someone shares this article with you
            ▪ African Global Development to inject $900m in Air Burkina in the midst of turbulence

▪ According to our sources, the American investor active in aviation intends to invest up to $900m to realign the Burkinabe air carrier’s flight path, which has been blown off course by the Covid-19 epidemic.

http://www.jeuneafriquebusinessplus.com/en/804188/african-global-development-veut-injecter-900-millions-dans-air-burkina-en-pleine-turbulence/

27/04/2020 at 18h16, by Nadoun COULIBALY

The parties signed a memorandum last June allowing African Global Development (AGD) to begin feasibility studies into a takeover of Air Burkina. According to our sources, at the beginning of the year the American company headed by Phil Smartt outlined its investment plans to the Air Burkina board of directors, which is chaired by former minister Clément Sawadogo.

To read the article and discover your subscription benefits

You are connected to your Jeune Afrique account but your Jeune Afrique Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Any questions ? contact us

Please get in touch with the Jeune Afrique Business+ team if you require any further information.

Email us : abonnements@jeuneafriquebusinessplus.com

Add JAB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add JAB+ on the home screen.

3. Enter the name of the shortcut and confirm.