Others believe that it is prudent for any national carrier to focus on servicing routes within the s

Since the demise of Ghana Airways and the subsequent utter failure of Ghana International Airlines a joint venture between the government and other private investors the idea of a new national flag-carrier has been mooted by various government functionaries.
The erstwhile Ghana Airways was founded cheap hotels in new york city in 1958 and for decades was the national airline with the Kotoka International Airport (KIA) as its hub. However, the airline, ridden with debt, ceased operations in 2004. Attempts were made to revive its fortunes, but to no avail. In June 2005, the airline was liquidated.
cheap hotels in new york city Government is also putting to bed outstanding nagging issues with the last national carrier, Ghana International Airlines (GIA), which suspended operations in May 2010, before proceeding to set up a new one.
“This time around, government wants to involve the private sector in setting up the new airline. Government only needs carried interest, but the private sector is supposed to take majority investment in the management. The process is for government to go on tender, open it up for interested stakeholders cheap hotels in new york city to come in, then government can make a choice,” he said.
The Minister of Transport, DzifaAtivor, also told the media earlier in the year that government was evaluating some possibilities to set up a new airline under a public-private partnership, in an attempt to tap into the prospects of the aviation industry.
The founder and Chairman cheap hotels in new york city of Antrak Group, Alhaji Asuma Banda, cheap hotels in new york city last week indicated his displeasure with attempts by government to re-establish a new national carrier— a move he sees as a conduit to waste public funds.
Alhaji Banda’s threat cheap hotels in new york city appears to be morally motivated and with genuine concern for the ordinary Ghanaian. The aviation industry, with margins of between 1-3 percent, is not a viable business for government to venture into when there are numerous problems that directly affect the lives of ordinary Ghanaians to be solved.
“Compensation to public sector employees alone continues to take a very significant percentage of tax revenue (73.9 percent as at the end of August), resulting in less revenue being available for other important expenditure such as goods and services cheap hotels in new york city and capital,” he said.
Government, he added, lowered expenditure on goods and services; spending GH¢463.2 million in the first eight months of the year against a budget of GH¢926.3 million. Capital expenditure was slashed by almost GH¢0.5billion, against a target of GH¢3.2billion.
If that is the case, some have argued, why attempt cheap hotels in new york city to invest money in a business venture that will not yield returns for the first couple of years? The health and education sectors are two areas that have seen little investment in recent years. Why not invest heavily there?
However, Mr. Keith Williams, Group Chief Executive of British Airways, believes that any such initiative should be privately managed and should take into account other carriers servicing popular routes in Europe and Asia from Accra, cheap hotels in new york city and come out with a business model that will make it profitable.
Mr. Michael Yared, Area Manager (Ghana) of Ethiopian Airlines, said: “It is significant for the country to have a national carrier. It will have a big impact on the economy. Ghana’s economy is growing and a national carrier will boost that growth. Air traffic is growing; why should Ghana lose out on it?”
Others believe that it is prudent for any national carrier to focus on servicing routes within the sub-region and other African routes where there is a growing market, and then grow from there rather than join other operators servicing popular routes in Europe from the onset.
There are some successful models in the running of national carriers. Majority of the shares in some successful national carriers cheap hotels in new york city are held by citizens of the home country or foreign investors; there is no government stake whatsoever. They are also privately cheap hotels in new york city managed cheap hotels in new york city with no government interference whatsoever.
Other successful national carriers in Africa are partly owned by government with private cheap hotels in new york city and institutional investors holding the majority shares. For instance, cheap hotels in new york city Kenya Airways has an ownership structure such that individual Kenyan shareholders hold 30.94%; KLM 26%; Government 23%; Kenyan institutional investors 14.2%; foreign institutional investors 4.47%; and individual foreign investors 1.39%.
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