African airlines seek partnerships to keep flying

Plane

Many African airlines are grappling with unpredictable funding due to fiscal constraints and reliance on short-term commercial bank funding.

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Players in Africa’s aviation sector are pushing for joint venture arrangements and other strategic partnerships with Turkish Airlines, as they eye capital injection from Ankara’s Wealth Fund for long-term financing that will power growth without pressuring struggling carriers for quick returns.

The Türkiye Wealth Fund (TWF), which has $224.04 billion in assets, as of its latest filings, holds the single largest stake -- 49.12 percent -- in Turkish Airlines.