Mauritania Revives Its Airline Industry
Posted on: Monday, 28 April 2008, 15:00 CDT
The north African country of Mauritania will revive its airline industry in a joint venture with Qatar, officials announced Monday.
Mauritania lost its airline, Air Mauritania, to a liquidation sale in January, Med Basin Newsline reported.
Mauritania will own 10 percent of the joint venture. Qatar's al-Bateel Group will fund and control 60 percent, while Maurintanian investors will control 30 percent, officials said.
The venture will assemble a fleet of three Boeing 737 and two small planes for interior and regional flights Mauritania's Transportation Minister Ahmed Ould Lefghih said in a statement April 3.
Officials also said the airline would give hiring preference to the 400 former workers of Air Mauritania.
Source: United Press International
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