Signs of recovery are nowhere to be seen as the African airline industry faces a punishing crisis. In West Africa alone, barring Senegal, Ghana and Cameroon, all national carriers have collapsed. Competition from large Western companies with 70% of the lucrative international traffic threatens to further weigh down their African counterparts. The balance sheets of the 44 members in the African Airlines Assn. (AFRAA) indicates the extent of the problem. They carried 31.7 million ...


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