Chinese and African investors look to expand aviation market

World Today

The African aviation market has been booming in recent years, attracting a growing number of foreign investors.

Ghana’s Africa World Airlines (AWA), registered in 2010, is a joint venture by Ghanaian and Chinese shareholders.

As the first African civil airline invested in by a Chinese company, AWA has already captured half of the aviation market in Ghana and has become one of the most popular regional airlines in West Africa.

In addition to its strong financial support, AWA also inherited the strict safety management and service standards of Hainan Airlines. Their strong safety management and good service records helped the airline win the award for Domestic Airline for 2014 from the Ghana Tourism Authority.

During his visit to Africa in 2014, Chinese Premier Li Keqiang said Beijing encourages Chinese enterprises to form joint ventures with their African counterparts to improve Africa’s aviation industry.

When considering projects such as co-funded airlines, airport construction or aircraft manufacturing, a growing number of African countries including Ghana, Kenya and South Africa hope to expand aviation cooperation with China.

CCTV’s Wu Lei reports from Accra, Ghana.

Chinese and African investors look to expand aviation market

Chinese and African investors look to expand aviation market

The African aviation market has been booming in recent years, attracting a growing number of foreign investors.