Antrak Air and Fly 540 to resume operations

quist

March 29, 2016 8:39 AM

The authority reveals that Fly 540 is set to resume operations in the third quarter of 2016 after the company completes its process of rebranding and restructuring.

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Domestic Airlines, Antrak Air, Royal Fly GH( formerly Fly 540), and City Link are to begin operations in the third quarter of 2016.

This is according to Ghana Civil Aviation Authority.

Pulse Business has been checking up on progress of these three domestic airlines who have not been operational for the past to three years owing to debt and the safety of their aircrafts.

Head of Business Development and Statistics, Rev. Stephen Wilfred Arthur says the companies have taken steps to commence operations in the third quarter of 2016.

“There is a change of ownership apart from the change in name of the airline, it has some risk and security concerns that need to be done. Citi link are also making big strives to commence operations in the third quarter of 2016.”

Antrak Air suspended operations in 2013 over indebtedness to Swiss Air over a Wet Lease Agreement, whereas Fly 540 withdrew in order to restructure and rebrand their operations.

A wet lease is a leasing arrangement whereby one airline (the lessor) provides an aircraft, complete crew, maintenance, and insurance (ACMI) to another airline or other type of business acting as a broker of air travel (the lessee), which pays by hours operated.

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quist