Jangys
4th Aug 2003, 18:45
Million Air Charter's DC9 aircraft ZS-OLN pulled out of Ghana on Friday the 1st August 2003.
The lease agreement between the two parties came to an end as Ghana Airways got hold of two DC9-50's which they will be operating their schedule with.
Ghana Airways is thankfull towards Million Air for sticking with them for 3 years.
At a Dinner party between Million Air crew and Ghana Airways management last Thursday evening it was said by Ghana Airways MD that they have learned a lot from Million Air and is gratefull for a very professional service rendered.
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Gunship
8th Aug 2003, 18:03
Ahhh now that will finalize my last effort to still make use of an African Airline.
At least Millionair kept Ghana Scareways alive !
Sad to see them going.
So a final farewell from me to Ghana Scareways as well ! :*
Gunship !!!!!!
I've told you off about this before (but possibly share your concern) lol
Wizard
4th Sep 2003, 11:59
What's the latest news of Ghana Airways now - anyone? Thanks.
Thunderball
5th Sep 2003, 14:35
General News of Thursday, 04 September 2003
More Bad News For Ghanair, but....
... CEO Sure Of Reviving The Airline
The Chief Executive of Ghana Airways, Phillip Owusu has confirmed claims by Aviation experts that two DC-9 aircrafts recently leased for its West Coast operations are not fuel-efficient. Aviation experts say the leased DC-9 planes are as bad as the airline’s old DC-10 aircraft that has been sent for repairs in Italy. This situation, according to them is adding extra cost to the already huge debt of the airline.
But the Chief Executive, Phillip Owusu told JOY FM that the leasing of the aircraft is a short-term measure and also cost effective.
“The DC-9’s that we leased to cover our operations are not fuel effective, this is true, our long term objective, in about the next six months is to acquire new aircrafts but in the short term … we have to maintain our positions”. He also explained that the Airline’s pilots have been trained to fly DC-9 and DC-10 so it was just prudent to lease aircrafts that they could fly.
Commenting on the operational problems of Ghana Airways, Mr Owusu said it is not unusual in the aviation industry to have airlines go through turbulent times as is being experienced by the national carrier.
According to him, most of the airlines that are being used to compare Ghanair now went through turbulent times before regaining their feet. Ghanair therefore hopes to learn from their experiences and change its destiny.
The Airline’s debt, which, stood at $150 million last year, has risen to $160 million in 2003. Mr Owusu explained that the debt accumulated over the last 45 years. Ghana Airways is currently exploring the possibility of restructuring its loans. The Chief Executive said part of the loan has to be absorbed by shareholders and by Banks over a long term period.
A former legal counsel of Ghana Airways, Nana Frema Busia recently called for liquidation of the airline saying it had been badly managed resulting in huge debts, but Mr Owusu was hopeful that the future of the airline was not as bleak as some would want Ghanaians to believe. “I am working towards the restructuring of Ghanair. I am going to make it a very viable and prosperous airline”, he noted.
Source: JOY ONLINE