RwandAir May Offer Shares After Returning to Profit in Two Years
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RwandAir, Rwanda’s state-owned national airline, may sell shares to private investors once the company returns to profit in two years, Chief Executive Officer John Mirenge said.
The carrier, based in the capital, Kigali, boosted passenger numbers by 80 percent to 360,000 last year and expects a further 39 percent increase this year, Mirenge said in an interview on Feb. 7. That coupled with an expanding fleet and more destinations should help the company report a profit by 2015, he said.