Video wird geladen...

Video konnte nicht geladen werden

Zur Startseite

129,375 Aufrufe • vor 28 Tagen •via X (Twitter)

0 Kommentare

Keine Kommentare verfügbar

Kommentare vom Original-Post werden hier angezeigt

Ähnliche Videos

My interview with South African Broadcast Corporation’s (SABC) Channel Africa about Africa’s airline industry (video). I discussed the following key matters: A) The planned large new aircraft order by Ethiopian Airlines (Africa’s largest carrier) from Boeing Airplanes, Airbus and now, possibly Embraer. B) African airlines adapting to global and regional mega events: For instance—Covid and the current Middle East conflict which has doubled jet fuel prices and resulted in closure of several major travel destinations in the region. C) The $12.5 billion, 110-million passengers Bishoftu International Airport, one of the largest in the world, currently under construction in Ethiopia. Disclosure: Our investment bank—CBE Capital—has committed $1.0 billion in local currency equivalent as part of the airport’s overall financing. D) Partnership amongst African airlines is essential. African airlines are very small by global standards and therefore, to be competitive and to be sustainably profitable, they need to collaborate. Currently, only one major African flag carrier is sustainably profitable out of all the airlines in 54 countries in Africa. For instance, what was once Africa’s largest airline, SouthAfricanAirways (SAA) and Kenya’s flag carrier, Official Kenya Airways struggled for years despite heavy government subsidies and restructurings. Nigeria, the most populous country in Africa, does not have a national flag carrier or any other longterm sustainably profitable private carrier despite numerous efforts over the years. Running a successful airline is a very expensive low margin business, and therefore, small stand alone African airlines can’t effectively compete. Hence, collaboration amongst African carriers, in cross-border equity investments for new startup airlines, full or partial mergers & acquisitions amongst established carriers, establishing regional MRO centers and pan African training facilities, etc, is essential. Even the most advanced and richest economies—the U.S. and Europe—have consolidated their airlines to very few to better position them for global competition. For example, Europe essentially has just three major airline groups (other than the LCCs)—Lufthansa, Air France-KLM and IAG. The U.S. now has just five dominant giant carriers—Delta, americanair, Southwest Airlines, United Airlines and Alaska Airlines— with 80% market share. Africa needs to consider similar strategies. To watch the full interview: Channel Africa SABC News Ethiopian Airlines

Zemedeneh Negatu

488,125 Aufrufe • vor 2 Monaten