Congo Focuses on Its National Airline Company

At the end of last year, the French airline Corsair, which was in chronic deficit, announced that the Republic of Congo would be investing 15 million euros in its capital. This represented half of the funds needed to get the company back on its feet.

Disappointed in mid-July, Corsair and the Republic of Congo indicated in a press release that they had “mutually decided to limit their partnership around their commercial and operational cooperation to the opening of the Paris-Brazzaville line.”

The Republic of Congo has, in fact, decided to concentrate its resources on the development of its national company for domestic and regional connections with the strategic support of the Corsair company which, for its part, intends to continue the opening of the Paris-Brazzaville line, in collaboration with the Congolese authorities.

This is the official version. Unofficially, one cannot help but mention the financial disputes of the Republic of Congo. As soon as assets of the government of Denis Sassou-Nguesso appear internationally, they are threatened with being seized in court by the claims of a Lebanese businessman. Thus last October, the presidential plane, a Falcon 7X trijet, undergoing maintenance in Bordeaux, was seized by a bailiff and then sold at auction.

Corsair keeps collaboration with Congo: A new mystery shareholder

In the Corsair press release, the CEO, Pascal de Izaguirre, and the shareholders of the company are delighted to continue the very positive collaboration with the Republic of Congo aimed at developing connectivity with France and the economic development of the country.

The latter wish to warmly thank the presidency of the Republic of Congo for its contribution to these discussions through the interlocutors it has designated for this purpose as well as their advisors (Mr. Joël Rault and Mr.eNuma Rengot) who worked in this direction.

At the same time, they have already identified a new private shareholder from a French group to complete this new round of financing, proof of the company’s increased attractiveness, the press release states. However, when asked, the company was unable to name this new shareholder.

For Corsair, the service to Africa from Paris-Orly represents nearly 20% of its activity and turnover. This summer, the schedule includes up to nine flights per week to Abidjan, up to six flights per week (including four direct flights) to Bamako (where Air France no longer operates) and up to five flights per week (including three direct flights) to Cotonou.

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(Featured image by Daniel Eledut via Unsplash)

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First published in Le Point. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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