Issue 13

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                      AFRICA

• Algeria • Angola • Benin • Botswana • Burkina Faso • Burundi • Cameroon • Central African Republic • Chad • Congo • Cote d'lvoire • Djibouti • 

a
1$ - United States Dollar
Conversion to Major AFRICA Currencies
(Exchange Rates
as of April 2003)

Algeria Dinars
1 USD = 77.3910 DZD

Egypt Pounds
1 USD = 5.85500 EGP

Ethiopia Birr
1 USD = 8.40000 ETB

Ghana Cedis
1 USD = 8,360.00 GHC

Kenya Shillings
1 USD = 75.7000 KES

Nigeria Nairas
1 USD = 131.250 NGN

South Africa Rand
1 USD = 7.65736 ZAR

Sudan Dinars
1 USD = 265.395 SDD

Tanzania Shillings
1 USD = 1,047.00 TZS

Uganda Shillings
1 USD = 1,950.20 UGX

Zimbabwe Dollars
1 USD = 824.152 ZWD

Promising new airline-Buraq Air- charters growth plans Successfully launches Cargo operations

Salaheddien Busefi
Cargo & Aviation Reporter, Libya

Flourishing private initiative coupled with encouragement of the Libyan Government for private enterprise and proposed legislation on foreign investment according to Law No. 5 has induced the role for private activity in sectors such as banking, tourism and aviation. It was with this prospect that in November 2000 a group of ambitious pilots found the need and saw the opportunity for a private airline in Libya, and in February 2001 the field of aviation in Libya was broadened with the launch of Buraq Air.
Private shareholders, the handicapped trade union and some private banks have contributed to the capitol investment. In a short space of time they made a very good name for themselves locally, particularly in their domestic services and regularity, which has always been complemented by their reliable, convenient and consistent guidelines that they abide by.

Captain Mohamed Boubeida, Buraq Air Chairman, has an aim to extend their network internationally following their domestic
successes. In less than one year the airline has managed to increase its fleet from two Boeing 727’s to seven aircraft. Being based in Mitiga Airport, second international, which is closer to Tripoli has made their services even more favourable especially among frequent travellers between Tripoli and Benghazi.
With the increase of cargo traffic impending in and around Libya, Buraq focused on launching its own cargo operation in May 2002 which saw the use of the successful IL-76 TD and a staggering yield of 7126 tonnes of freight, in 10 months quite an achievement considering the short time frame. In response to such



attainments Buraq was led to introduce another aircraft together with expansion plans to extend their network to cover parts of Europe by the second quarter of 2003. Further to Buraq Air’s passenger, cargo and charter services, they also offer inland desert flights to shuttle oil field personnel to and from the exploration areas thanks to their staff’s valuable experience and knowledge of the remote terrain. For such capabilities, Buraq opts for the Let 410 for its suitability and efficiency of which three of its kind are used.
Buraq Air has certainly played its part in expanding and promoting the aviation sector in Libya and has given its services to harness even further the industry of aviation and cargo in particular in which they present a regular cargo charter serving direct to Istanbul and Sharjah from Tripoli and Benghazi.

SAA Reduces Capacity to Bulawayo, Zimbabwe

South African Airlink has temporarily taken over South African Airways' flights to Bulawayo, Zimbabwe, reducing capacity on the route.

South African Airlink, SAA's regional partner and feeder airline will fly to Bulawayo, seven days a week after taking over SAA's three weekly flights. SAA will decide on reintroducing its flights to Bulawayo towards the end of October this year.

"We believe it is cost-effective to utilize Airlink's smaller aircraft," said SAA in a statement.The airline presently operates 11 flights to Victoria Falls and 13 flights to Harare in Zimbabwe.

Cargo Services re-routed from Kenya

Following the recent suspension of all British registered aircraft into Kenya, because of "heightened security concerns, on the government's Department for Transport instruction British Airways (BA) World Cargo has temporarily re-routed airfreight services for cargo from Kenya.

In the short term, the majority of cargo will be routed through Entebbe International Airport in Uganda using a chartered freighter aircraft, whilst also having the option to move excess freight using inter-line arrangements.

Liquidation of Nigeria Airways takes place

The poor financial state of the airline and the inability of its staff to run it have resulted in the liquidation of Nigeria Airways, Nigeria’s only national carrier.

In the alternative, the ministry said that a new national carrier, known as the Nigerian Global is to be set up with Triton Airbus group. According to ministry spokesperson, Nigeria is to control 40 per cent of the shares in the investment, adding that the arrangement is such that Nigeria would make no initial capital contributions. The Triton Airbus Group is to provide an initial Airbus 400 on wet lease and would control 60 per cent of the investment.

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