Togo’s Asky Airlines Open to Offers for Investors to Buy Stake

Asky Airlines, a Togolese carrier, is open to offers by investors seeking a stake in the closely held company.

“Any purchase of shares is highly welcome by any individual or organization,” spokesperson Asalifou Traore said by e-mail today.

The Johannesburg-based Business Day newspaper reported earlier that government-owned South African Airways wants to take a stake in Asky and relocate it to Accra, the Ghanaian capital.

Ethiopian Air, the Africa’s No. 2 carrier, added a hub in Togo in 2008 via an investment in Asky that stands at 40 percent now and opened another in Malawi in the south this year. The Addis Ababa-based company is evaluating a fourth base in Congo.

To contact the reporter on this story: Christopher Spillane in Johannesburg at cspillane3@bloomberg.net

To contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net Tuhin Kar, Michael Winfrey

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