Wednesday, October 15, 2008

Morocco plans to privatise Royal Air Maroc



Big changes in some airline schedules if Morocco goes ahead with its just announced plan to privatise flag carrier Royal Air Maroc and two subsidiaries including Atlas Blue. The news came in the release of a government document listing eight state companies that it intends to put up for sale to private investors.

The document states that ..."This legislative measure underlines the continuation of the privatisation process in view of the gradual opening up of the economy via total or part sale to private investors of state firms".

The document, entitled "Highlights of the draft law authorising the transfer of state enterprises to the private sector", was part of the tabled government draft budget law for 2009.

The four-page-text named Royal Air Maroc, the low-cost Atlas Blue airline and leisure firm Atlas Hospitality Morocco.

It also named highway company ADM, real estate firm al Omrane, transport and logistics company SNTL, leisure and transport company Supratours, audiovisual company Soread, engineering company LPEE and maritime consulting firm CID.

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1 comment:

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