The new pan African airline, ASKy Airline, is set to start operation on January 15.
The multinational private airline was established by West African investors. The airline is based in Lome, Togo. The Ethiopian Airlines has bought a 25 percent stake on ASKY and signed a five-year management contract with the board of directors of ASKY. Bussera Awel, who was vice-president for commercial operations at Ethiopian, was appointed chief executive officer of ASKY last October.
The board recently held a meeting under the chairmanship of Mr. Gervais Koffi Djondo, chairman of the board of directors. During that session, ASKY directors examined the code of ethics and corporate governance policy document as well as the shareholders agreement. The directors expressed their satisfaction with the progress report on the action plan leading to the start of operations. The board congratulated Bussera Awel, CEO of the airline and his team for the volume of work done.
The board also expressed satisfaction at new subscriptions to increase the capital of ASKY, as registered in various countries of the sub-region.
After an overall assessment of the situation of the company and the air transport environment in the sub-region, the board decided to set January 2010 as the start-up date for the airlines flights. The airline will serve-west and central Africa. It will later extends its wings to Europe, North America and Asia. ASKY has leased two Boeing 737s which are currently at the maintenance hangar of Ethiopian. The B737s are being painted the logo of ASKY.
http://en.ethiopianreporter.com/content/view/2096/26/
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