The search for a strategic investor to join forces with the government of Ghana to establish a new home-based carrier has come to an end, Aviation Ghana can confirm. The chosen partner is Ashanti Airlines.
According to AviationGhana sources, the deal has now been finalised, with Ashanti Airlines in the final stages of finalising all financial arrangements.
The indigenous company, which holds an Air Carrier License (ACL), is also nearing completion of the issuance of its Air Operator Certificate, which authorises an operator to carry out specified commercial air transport operations, allowing it to begin operations by the end of the year.
As a result, the company has begun to scout the market for potential employees.
Ashanti Airlines is owned by Ghanaian business mogul and co-founder of the Despite Group of Companies, Osei Kwame Despite and his partner, Ernest Ofori Sarpong.
The Despite Group, one of the largest indigenous companies with interests in media, banking, food and beverage, and real estate, is backing Ashanti Airlines.
Ghana has been without a national airline since Ghana International Airlines went bankrupt in 2010, following the demise of Ghana Airways in 2004.
Attempts to establish a new domestic carrier have resulted in Memorandums of Understanding (MOUs) with Ethiopian Airlines and EgyptAir, with no clear outcome.
After the former Ministry of Aviation was absorbed into the Ministry of Transport, a new Committee was formed to vet all proposals.
Source: Aviation Ghana