“We want to become majority shareholders of two national airlines in two African countries. We concluded agreements, but the process has not been completed yet. This is an investment of millions of euros,” businessman Ovidiu Tender told ZF, adding he will be able to say more about who the companies are when the transaction is completed.
Tender did not say on Tuesday what the two African countries were or what the exact investment budget was.
The businessman currently owns airline TEN Airways, which operates charters and provides ACMI services (leasing the whole aircraft, including the crew and other services) in countries in Europe, Asia and Africa. The company’s clients in Africa include Air Senegal, Rwanda Air, Air Ivoire, according to data on the airline’s website.
The group controlled by Tender will end this year with turnover of EUR200 million, according to the businessman.
(English version by Daniela Stoican)