Kenya Airways (KQ) and South African Airways (SAA) have stated that they would begin looking for an investor for the Pan-African airline business that they hope to establish next year.
In Africa, London, and the United States, a campaign to find a majority investor for a holding company will be held.
Kenya Airways CEO Allan Kilavuka said the Kenyan and South African governments intend to buy a minority interest in the Pan-African carrier.
Kilavuka further claims that the focus is on obtaining funding from a financial institution rather than an industry partner such as a Gulf carrier, since this may jeopardize plans to divide long-haul flights between the airlines’ hubs.
According to one scenario, SAA’s Johannesburg base would serve as a hub for southern-hemisphere activities, such as flights to Sydney, while Nairobi would handle Asian operations. The hubs would be able to keep some rival flights running, and cities like London would benefit from both.
The two airlines are also looking for a third member from West Africa, most likely from Nigeria, Ghana, the Ivory Coast, or Senegal.