The government of Ghana has selected Ethiopian Airlines as a strategic partner for a proposed new home-based carrier.
A Memorandum of Understanding (MoU) has been signed to indicate government’s commitment to engage Ethiopian Airlines in establishing a new airline for Ghana.
Ethiopian Airlines is expected to have a maximum 49 percent shares in the new airline; government of Ghana 10 percent; and the remaining 41 percent stake made available to investors.
A final agreement is also expected to be signed by end of the year as the airline is expected to begin operations by first quarter of 2019.
The country has desired a new home-based carrier for years after its fully state-owned entity, Ghana Airways collapsed in 2004. Following the collapse, the Ghana International Airlines was established but similar challenges that led to the demise of Ghana Airways also made the airline cease operations in May 2010.
However, the country’s aviation sector has been touted by analysts to have very huge growth prospects if investments are made by government in the sector.
Successive governments have, therefore, made huge investments in in-ground infrastructure in order to take advantage of the growth prospects the sector has.
The new Terminal 3 at the Kotoka International Airport (KIA) has been completed and currently operational; the Arrival Hall of Terminal 2 will be expanded.
The Kumasi Airport will also see construction of a new terminal building; expansion of the Tamale Airport; reconstruction of the Wa Airport; and the construction of a new airport in Ho, Volta Region.
The home-based carrier, when ready, will focus on operating domestic and regional routes before taking on the rest of the world.
What it means for Green Views tenants
The new carrier will come as good news to Green Views tenants as it will provide straight route from their countries of origin to Ghana at very competitive prices. The straight route will also be an advantage to Green Views tenants as they move from one country to another for business and pleasure engagements.