Air Côte d'Ivoire

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Air Côte d'Ivoire
250px
IATA ICAO Callsign
HF VRE COTE D'IVOIRE
Founded 15 May 2012 (2012-05-15)
Commenced operations 12 November 2012 (2012-11-12)
Hubs Port Bouet Airport
Frequent-flyer program sMiles[1]
Fleet size 9
Destinations 25
Company slogan Notre plus beau voyage, c'est vous (English: Our best trip is you)[2]
Parent company Government of Ivory Coast (65%)
Headquarters Port Bouet Airport, Abidjan, Ivory Coast
Key people
Website aircotedivoire.com

Air Côte d'Ivoire is the national airline of Ivory Coast,[4] based in Abidjan. The company succeeded the country's former flag carrier Air Ivoire,[5] which went bankrupt in 2011.[6] It started operations on 12 November 2012 (2012-11-12).

History

The airline was set up on 15 May 2012 (2012-05-15),[7] as a private-public entity, partially owned by Air France —which intended to make Port Bouet Airport a regional hub[8]— and the Aga Khan Fund for Economic Development (AKFED).[9][10] Air Côte d'Ivoire had an initial capital of CFAF2.5 billion, majority-owned by the government of Ivory Coast (65%), with the balance held by Air France Finance (20%) and Aérienne de Participation-Côte d'Ivoire (15%), an airline holding company of AKFED.[7] The Ivory Coast had had no national carriers since the collapse of Air Ivoire in March 2011 (2011-03).[11]

The airline will have "technical, commercial and operational synergies" with Air Mali and Air Burkina, two other airlines associated with the AKFED.[11][12]

As of November 2012, it was planned for the new company to have 13 flight captains, 12 first officers and 37 cabin crew.[13] The company projects to have a passenger capacity of 330,000 per year.[14] It carried 253,000 passengers during 2013.[15]

Corporate affairs

Key people

As of November 2014, Air Côte d'Ivoire's CEO position was held by Rene Decurey.[16]

Ownership

As of June 2013, the parent entities of the shareholders are:[17]

Shareholder Interest
Government of Ivory Coast 65%
Air France-KLM 020%
Aga Khan Fund for Economic Development 015%
Total 100%

In June 2013 (2013-06), it was reported that the AKFED will withdraw from Air Côte d'Ivoire as other investors increase their shareholdings in the company.[17]

Business trends

Air Côte d'Ivoire does not appear to have published annual accounts as yet, but some figures have been made available via press reports and other publications (figures shown for years ending 31 December):

2012 2013 2014
Turnover
Net Profits/Losses after tax
Number of employees (at year end) 290
Number of passengers (m) 0.25 0.40
Passenger load factor (%)
Number of aircraft (at year end) 2 4 6
Notes/sources [15] [18] [18]

Destinations

As of September 2012, from its hub in Abidjan the airline had initial plans to operate scheduled services on a network covering nine international destinations in West and East Africa, yet some of them would be flown by sister companies Air Burkina and Air Mali; cities served with Air Côte d'Ivoire own aircraft expected to include Accra, Conakry, Cotonou and Dakar.[5] Operations commenced on 12 November 2012 (2012-11-12),[19] with the carrier's maiden flight linking Abidjan with Dakar.[20]

As of April 2016, Air Côte d'Ivoire serves the following destinations:

Country City Airport Notes Refs
Benin Cotonou Cadjehoun Airport [2]
Burkina Faso Ouagadougou Ouagadougou Airport [2]
Cameroon Douala Douala International Airport [2]
Cameroon Yaoundé Yaoundé Nsimalen International Airport [2]
Chad N'Djamena N'Djamena International Airport [2]
Democratic Republic of the Congo Kinshasa N'djili Airport [2]
Gabon Libreville Libreville International Airport [2]
Ghana Accra Kotoka International Airport [2]
Guinea Conakry Conakry International Airport [2]
Ivory Coast Abidjan Port Bouet Airport Hub [2]
Ivory Coast Bouaké Bouaké [21]
Ivory Coast Korhogo Korhogo [22]
Ivory Coast Man Man [23]
Ivory Coast Odienné Odienné [24]
Ivory Coast San Pédro San Pédro [25]
Liberia Monrovia Roberts International Airport [2]
Mali Bamako Bamako–Sénou International Airport [2]
Niger Niamey Diori Hamani International Airport [2]
Nigeria Abuja Nnamdi Azikiwe International Airport [26]
Nigeria Lagos Murtala Muhammed International Airport [2]
Republic of the Congo Brazzaville Maya-Maya Airport [2]
Republic of the Congo Pointe-Noire Pointe Noire Airport [2]
Senegal Dakar Léopold Sédar Senghor International Airport [2]
Sierra Leone Freetown Lungi International Airport [2]
Togo Lomé Lomé–Tokoin Airport [2]

Fleet

The carrier took delivery of its first aircraft, an ex-Air France Airbus A319 manufactured in 2004, in October 2012 (2012-10) on lease from Macquarie AirFinance.[27] During the 2013 Dubai Air Show, it was announced the carrier placed a conditional order for up to four Bombardier Q400s.[28][29] Worth US$69 million,[nb 1] a firm order was announced in December 2013 (2013-12).[31][32][33] African Export-Import Bank will finance 95% of the acquisition.[30] The carrier plans to use one of these aircraft to replace the E-170 on regional services.[34] The first Dash 8-Q400 was delivered in late 2014.[35] An additional order for two more aircraft of the type was placed in April 2015 (2015-04).[36]

An order comprising two Airbus A320neos and two Airbus A320ceos was placed in April 2016 (2016-04).[37]

Current

As of April 2016, Air Côte d'Ivoire operated the following aircraft:[38]

Air Côte d'Ivoire fleet
Aircraft In Fleet Orders Passengers Notes
C Y Total
Airbus A319-100 4[39][40] 12 96 108
Airbus A320-200 1 2[37] 12 138 150
Airbus A320neo 2[37] TBA
Bombardier Dash 8 Q400 4[41] 7 60 67
Total 9 4

Retired

The airline operated the following aircraft:

Notes

  1. Reuters informed the value of the transaction to be US$120 million.[30]

See also

References

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  21. http://www.aircotedivoire.com/en/reseau-et-horaires/notre-reseau-domestique/
  22. http://www.aircotedivoire.com/en/reseau-et-horaires/notre-reseau-domestique/
  23. http://www.aircotedivoire.com/en/reseau-et-horaires/notre-reseau-domestique/
  24. http://www.aircotedivoire.com/en/reseau-et-horaires/notre-reseau-domestique/
  25. http://www.aircotedivoire.com/en/reseau-et-horaires/notre-reseau-domestique/
  26. http://airlineroute.net/2016/01/05/hf-abv-feb16/
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  38. Lua error in package.lua at line 80: module 'strict' not found. Archived 28 April 2016 at the Wayback Machine
  39. http://www.lemondedudroit.fr/deals-profession-avocat/215393-stephenson-harwood-conseille-air-cote-divoire.html
  40. http://www.journal-aviation.com/actualites/32712-air-cote-d-ivoire-poursuit-son-developpement
  41. http://www.air-journal.fr/2016-04-29-air-cote-divoire-commande-deux-a320neo-et-deux-a320-5162173.html
  42. Lua error in package.lua at line 80: module 'strict' not found. Archived 23 January 2015 at the Wayback Machine

External links

  • Official website
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