http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.17Change: 0.03
R/$ = 11.07Change: 0.01
Au 1238.28 $/ozChange: -4.47
Pt 1258.00 $/ozChange: 3.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 11, 2008

Angola gives nod for Lonrho’s airline, water bottling projects

Back
Djibouti|DRC|Luanda|Lubumbashi|Nairobi|Africa|Copper|Fly540|Fly540 Angola|Fly540 Kenya|Ghana|Lonrho|Lonrho Springs BVI|PROJECT|Projects|Water|Africa|Algeria|Angola|Congo|Djibouti|DRC|Equatorial Guinea|Ghana|Guinea|Kenya|Mozambique|Rwanda|Somalia|South Africa|Sudan|Tanzania|Uganda|Zambia|Zimbabwe|Airline|Capital Equipment|Equipment|Freight Services|Gross Domestic Product|Investment Conglomerate|Mining|Product|Service|Services|Angolan Government|National Private Investment Agency|David Lenigas|Infrastructure|Water|Operations|East Africa|West Africa
DRC||Africa|Copper|Ghana|PROJECT|Projects|Water|Africa|Angola|DRC|Ghana|Kenya|Tanzania|Zambia||Equipment|Mining|Service|Services||Infrastructure|Water|Operations|
djibouti|drc|luanda|lubumbashi|nairobi|africa-company|copper|fly540|fly540-angola|fly540-kenya|ghana-company|lonrho|lonrho-springs-bvi|project|projects|water-company|africa|algeria|angola|congo|djibouti-country|drc-country|equatorial-guinea|ghana|guinea|kenya|mozambique|rwanda|somalia|south-africa|sudan|tanzania|uganda|zambia|zimbabwe|airline|capital-equipment|equipment|freight-services|gross-domestic-product|investment-conglomerate|mining|product|service|services|angolan-government|national-private-investment-agency|david-lenigas|infrastructure|water|operations|east-africa|west-africa
© Reuse this



Aim-listed African investment conglomerate Lonrho's Fly540 airline and its Lonrho Springs water bottling project, in Angola, would benefit from tax holiday incentives promoted by the Angolan government's National Private Investment Agency (ANIP), the company said in a statement on Wednesday.

Lonrho said it had received the necessary formal approvals, the Certidao Registro Investimento Privado (CRIP) from ANIP, which would facilitate the importation of capital equipment on a duty-free basis and the repatriation of capital.

"We are delighted that the ANIP approval process has been completed so professionally in such a quick timeframe. These approvals are a significant step to commencing the operations for both Fly540 and Lonrho Springs within Angola and providing tangible job creation and gross domestic product to the Angolan economy," commented Lonrho executive chairperson David Lenigas.

On June 4, Lonrho announced that it had been making substantial progress in the development of the company's pan-African airline, Fly540, which provided international passenger and freight services in East Africa.

The company had plans to expand the airline across the continent. Fly540 Kenya, which was established in 2007, had become the second largest carrier in Kenya, carrying about 20 000 passengers a month.

In January 2008, Fly540 Kenya had established new routes from Nairobi to Uganda, Somalia, Southern Sudan and Tanzania. The airline planned to add new services to Zambia, Rwanda and the DRC by the end of this year.

Meanwhile, the development of ticket and administration offices, hangars and infrastructure at Fly540 Angola had been at an advanced stage at the beginning of June.

Two aircraft would be deployed to Luanda in June this year, with a further four new aircraft to be deployed by September. Fly540 Angola would, as routes were built, fly to fifteen domestic locations throughout Angola. Appropriate regional routes to neighbouring countries would be added once it had been established as a domestic operator.

Further, the airline would in the second half of this year, open its third strategic hub in Ghana, to service domestic and regional routes in West Africa.

In addition, Lonrho said the airline would for the remainder of this year and 2009 develop key subsidiary hubs to carry domestic and inter-country traffic on a localised basis, which would in turn be connected with a senior regional hub.

Zimbabwe, Djibouti, South Africa, Guinea, Mozambique, Algeria and Equatorial Guinea were all at feasibility stage for consideration as subsidiary hubs.

The airline would, following the successful establishment and operation of the Kenya, Angola and Ghana senior hubs, also establish a regional jet service (Boeing 737-500s).

Meanwhile, Lonrho Springs BVI, Lonrho's holding company for water interests, was operating or developing water-bottling plants in the Democratic Republic of the Congo (DRC), South Africa and Mozambique.

In February, Lonrho announced it would build a $5,3-million spring water bottling factory in Lubumbashi, in the DRC, to meet growing demand stemming from the burgeoning copper and cobalt mining industry in Katanga province.


Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Transport & Logistics News
The Richards Bay Bulk Terminal, in KwaZulu-Natal, loaded 1.49-million tons of cargo in September, exceeding its monthly target of 1.32-million tons, Transnet Port Terminals (TPT) said on Monday. TPT said the reaching of vessel targets ahead of deadline created...
The South African Road Federation (SARF) has expressed concern over the increasing number of road accident-related deaths on South African roads and has appealed for road safety to become an urgent priority, reiterating its commitment to offer its assistance to...
JSE-listed Metair Investments on Monday assured shareholders that no member of its group had been implicated or listed in connection with the Competition Commission’s investigation into alleged collusion within the South African automotive component industry. The...
More
 
 
Latest News
A former employee of the Manufacturing, Engineering and Related Services Sector Education and Training Authority (Merseta) and his accomplice have each been sentenced to 20 years imprisonment after being found guilty of fraud by the Specialised Commercial Court, in...
The Richards Bay Bulk Terminal, in KwaZulu-Natal, loaded 1.49-million tons of cargo in September, exceeding its monthly target of 1.32-million tons, Transnet Port Terminals (TPT) said on Monday. TPT said the reaching of vessel targets ahead of deadline created...
Judge Dennis Davis
The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted on Monday that recommendations were being considered to “detect and...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
IAN EVANS AirWatch file synchronisation and sharing system was initially designed for a large airline company
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks