Senegal Airlines To Shut Down over Massive Losses

Senegalese aviation authorities have announced that the country’s national carrier, Senegal Airlines will be replaced by a new one in the coming weeks following huge operational losses.

The country’s aviation regulator made the decision to revoke the company’s air operator’s certificate due to major losses and mismanagement.

Finance Minister Ahmadou Ba who made the announcement did not give details on the new company set to replace Senegal Airlines crippled by debt.

The airline, created in 2009, owes more than $78m (£550m) to creditors, and the union leaders, speaking on behalf of its 229 workers, say they are owed several months’ worth of pay.