ASKY Airlines

After the pan-African airline Air Afrique went bankrupt in 2002, cross-border air transport in Africa became more difficult, especially in West and Central Africa. At a conference of the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (UEMOA) at Niamey in Niger on 10 January 2004, it was decided to create a private, competitive, cost-effective airline offering all guarantees of safety and security for the region.[3]

In September 2005, under the initiative of Gervais Koffi G. Djondo, the company for the promotion of a regional airline (SPCAR) was set up, which led to various feasibility studies and market studies, and sought financial and strategic partners; this led to the establishment of ASKY Airlines in November 2007 with Gervais Koffi G. Djondo as President. On 17 January 2008 the General Meeting to establish the new international private airline was held in Ouagadougou, Burkina Faso. 80% of shares were to be held by private investors, and 20% by public financial institutions whose mission is to support privately owned development institutions.[4] Ethiopian Airlines became the technical and strategic partner under a management contract for the first five years of operation, holding a 40% stake.[5][6]

Originally planned for April 2009, the first revenue flight took place on 15 January 2010.

The airline is privately owned. Main shareholders are Ethiopian Airlines (40%), Ecobank, BIDC, BOAD, Sakhumnotho Group Holding and other West and Central African private investors.[7]

ASKY Airlines has been reported as being profitable,[8] although accounts do not seem to have been published.

Recent available figures (largely from AFRAA reports) are shown below (for years ending 31 December):

ASKY is able to connect flights in its network to various points in the Ethiopian Airlines network, with whom it has codeshare arrangements, via Addis Ababa and beyond to the Middle East, Far East, and East Africa.