RAM fleet reinforced by a new Boeing

Morocco's national flag carrier Royal Air Maroc (RAM) acquired, Wednesday, a new Boeing 737-800 of the latest generation, said a RAM press release.

This aircraft, second acquisition in the year 2005 after that of February 9, is part of a program aiming the reinforcement and modernisation of the company's fleet which aspires to acquire 24 medium haul aircrafts by 2012, for $1.5 billion.

The Moroccan carrier also targets, through the new acquisition, the consolidation of its international network through the servicing in 2004 of three destinations, Bologna, Nantes and Lisbon, and six in 2005: Istanbul, Valencia, Montpellier, Catane, Doula and Ouagadougou.

In 2004, RAM purchased two aircrafts of the same category for $ 100 million.

At present, the state-owned carrier's fleet is composed of 37 aircrafts. (MAP) AR/MK

Morocco received over Euro 700 Mn in investments, foreign private loans in January

RABAT, Mar.09 (MAP)- Foreign investments and private loans in Morocco were estimated at 723.69 million Euros in January 2005, against Euro 47.83 million in the same period last year.

According to the Exchange Office, these receipts surged by 653.31 million Euros compared to the average receipts in January of the last five years (2000-2004) that are valued at Euro 70.38 million.

As for expenditure, it dropped by 31.2pc in January 2005, that i 35.35 million compared to 51.39 million in the same month last year.

The reimbursement of private loans has increased by 25.46 million.