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- The Banking Problem in African Skies
African airlines trapped in uncomfortable expansion cycle
African carriers cannot achieve viable economies of scale without massive fleet modernisation and cross-border expansion, yet they cannot afford aircraft or open skies without the very scale they lack, writes WOLE SHADARE For decades, the tarmac of African aviation has been littered with the ghosts of ambitious carriers that soared high, burned through capital furiously, and vanished into thin air. From the historic demise of multinational icons like Air Afrique to the perennial reorganisations of national…
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