It's no longer a dream for Africa World Airlines as it secures an Air Carrier Licence

Dreams are finally turning into gold for Africa World Airlines Limited (Africa World),a Ghanaian registered private-sector company formed to provide low cost scheduled airline passenger services from Accra to domestic and regional destinations by a group of Ghanaian and Chinese investors.

The Ghanaian airline startup,with the tagline,"the new generation airline",announced on 4th March the receipt of an Air Carrier Licence(ACL) issued by the Ghana Civil Aviation Authority(GCAA).Togbe Afede IV,CEO of SAS Finance Group,one of the investors in the airline, and Chairman of Africa World Airlines Limited,assured the Ghanaian public that the airline intends to revolutionize domestic transportation in Ghana by making air travel affordable to many.

Stated a press release from the company website "The ACL, licence number 222, serves as the authorization for Africa World to commence operation of scheduled air passenger and cargo services within Ghana and the West African sub-region."

The airline is expected to begin operations in July this year.

Air Commodore (Rtd) Kwame Mamphey (left), Director-General of Ghana Civil Aviation Authority, presents the Air Carrier Licence document to Togbe Afede XIV, CEO of SAS Finance Group and Chairman of Africa World Airlines, at a ceremony in Accra on 4th March 2011. Looking on is Peter Amaleboba, Director – Economic Regulation of Ghana Civil Aviation Authority.

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Additional info:Africa World Airlines Limited is a Ghanaian private-sector joint venture between SAS Finance Group, an integrated investment banking and financial advisory firm, and Chinese investment and technical partners. Africa World intends to provide low cost scheduled airline passenger services from Accra to domestic and regional destinations, using jet aircraft throughout its route network. The route network will be structured to create a hub-and-spoke model centred upon Accra, allowing seamless one-change connections between multiple city pairs.

Africa World intends to commence flight operations in mid-2011 with all-jet services from Accra to Kumasi, Tamale and Takoradi.