Air Afrique buys 32 % shares in Mauritania Airways

The multi-national airline company, Air Afrique, has bought 32 % shares in Mauritania Airways, Air Afrique's Director-General, Pape Sow Thiam, announced Wednesday in Nouakchott.

Air Afrique, which already held 2 % of the shares of Mauritania Airways, thus becomes the strategic partner of the Mauritanian ailine, Thiam told a news briefing.

In addition to Air Afrique, the consortium of majority shareholders in Mauritania Airways comprises the French group Bollorí, the Mauritanian Bank for International Trade, and the Oil Company, ELF.

The state, which hitherto owned 72 % of the airline's shares, presently owns no more than 11 %.