The article above discusses the current situation of the airline Congo Airways, which has announced a “temporary suspension” of its activities. The company is experiencing financial difficulties and requires an investment of $33 million for its revival. Currently, none of the three aircraft in the fleet can fly, with one undergoing maintenance in Malta, the other grounded for technical reasons, and the Airbus A320 requiring a major inspection.
To avoid a long period of inactivity, Congo Airways plans to rent planes, however this represents a significant cost. Replacing the engines on an Airbus A320 would cost around $14 million per plane, while a new engine would cost between $10 million and $12 million. In addition, the acquisition of a used plane would cost around $25 million.
Faced with these difficulties, the company is also seeking to reduce its operational costs.
Despite these challenges, Congo Airways management remains optimistic about the resumption of operations in the next 15 days.
Interestingly, the Democratic Republic of Congo had announced the launch of a new national airline in partnership with Ethiopian Airlines. However, this project also encountered difficulties, thus delaying the creation of Air Congo which was to coexist with Congo Airways. In addition, Congo Airways also expected the arrival of four additional aircraft to strengthen its fleet in 2022.
Congo Airways’ current situation highlights the challenges facing airlines across the world, particularly in a difficult economic environment. It will be interesting to follow the evolution of the situation and to see how the company will manage to overcome these obstacles to ensure its successful restart.