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West African nations to create regional air-carrier
Published in Saudi Press Agency on 28 - 05 - 2011


The Economic Community of West African
States (ECOWAS) is set to establish a regional air carrier, called
ECOAIR, it announced Saturday, in the wake of repeated poor
performance by local airlines, and the financial collapse of several
national carriers, according to dpa.
"It has become increasingly difficult to fly from one country to
the other within the sub-region, the airline companies are so erratic
in their schedule, so we are meeting in order to operationalise
ECOAIR" Victor Gbeho, resident of the ECOWAS Commission said.
Gbehho said the proposed West African Airlines would be a private
sector driven venture. "I met with stakeholders in the sector and
their response was encouraging, through partnership they can get
financing through larger capitalization and will be able to access,
and tap into resources of member nations", he added.
Following a grant of 63.8 million euros from the European Union,
the bloc has also began implementing a transport and transit
facilitation programme - which includes the construction of five
joint border-posts along major corridors in the region.
This development is the first major step towards the elimination
of some borders within the ECOWAS bloc.
In a bid to further promote trade, the bloc consisting of 15
member state is expected to implement the single currency policy by
2020.
ECOWAS currently consists of Benin, Burkina Faso, Cape Verde,
Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria,
Senegal, Sierra Leone and Togo.


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