#This is what emerged from the last #Council of #Ministers, held recently, under the high patronage of #President #Evariste #Ndayishimiye. #And this, with a capital of 90% of the shares of the #State.

A committee was recently set up to rule on the creation of a new airline called: “Burundi #Airlines”. #According to a press release from the #Minister’s #Council, held on #December 24, 2020, the report of the said committee will include the draft contract for the merger of #Air #Burundi and SOBUGEA, the draft decree authorizing the #State to participate in the share capital of #Burundi #Airlines, the structure and organization chart of the new company being created as well as its roadmap.

#This council of ministers proposed that the shareholding of this company be made up of the #State (92%), SOCABU (4%) and bankrupt SABENA (4%).

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#To make this project more successful, another team was set up to study the liability management mechanisms of #Air #Burundi, which, with the merger of SOBUGEA, will give birth to #Burundi #Airlines. “A team has been set up to support the #Minister in charge of #Transport to jointly study these mechanisms so as not to put the new nascent company in difficulty”, specifies this press release from the #Council of #Ministers.

#He pointed out that it was within the framework of the revival of air transport that the government undertook to mobilize the necessary funds and take other accompanying measures aimed at the recovery of #Air #Burundi.