16.04.2004 Business & Finance

Mother of all deals for Ghana Airways ?

Mother of all deals for Ghana Airways ?
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According to the newspaper, Accra Daily Mail, the final shape of Ghana Airways is entering its final phase of evaluation as the government studies a number of bids before it. In the next couples of weeks, the government would be announcing the mother of all deals to “finally, finally, finally” salvage the national carrier. But it is not coming easy as different pressures and interests in and out of government are engaged in jockeying for pole position with “fair or foul means. Four companies, three European, one American, were written to and invited to bid. Of the four, one never responded. The remaining three were made up of the KLM/Kenya Airways/Fidelity Consortium, Ghana Air Partners and Ghana International Airline and its partners. The KLM Consortium sent a letter to the Ministry of Transport stating that it could not meet the ministry's criteria and was therefore withdrawing from the bidding process. Only two consortia therefore Ghana International Airlines and Ghana Air partners submitted their bids by the deadline of March 31 2004.

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