Tunisia: Œ”Syphax Airlines” initiates IPO procedures

Tunisia: ‘’Syphax Airlines’’ initiates IPO procedures
AfricanManager

“Syphax Airlines” has began IPO procedures, CEO of the company Mohamed Frikha, announced at a press conference held Thursday in Sfax.

He said the first official flight to Paris was operated last Friday, after having overcome barriers and obstacles that marked its first service and received “all guarantees from the regulator.”

Mr. Frikha said the “Syphax” company will operate flights gradually and will serve other destinations such as Libya, Morocco and Turkey, noting that the number of travelers through the lines of the company which provides 5% of all domestic services, will be about 150,000 over the next six months.

In response to questions from journalists focused primarily on the settlement of disputes between Tunisair and Syphax Airlines and strategies in place to better publicize this company, the CEO of Syphax Airlines said this project will help provide impetus to the tourism sector in Tunisia and rehabilitate investment.

According to Mohamed Frikha, this project falls within the framework of “complementarity rather than competition through appropriate methods to ensure the success of the company.”

.

Posted on May 11, 2012, in Business, Morocco News and tagged , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: