The Algerian national airline will set up two new subsidiaries, the first in July 2023 and the second in 2024.
This is according to the CEO Yacine Benslimane speaking in an interview with the news agency APS on Monday. The spin-off of the two divisions is part of a comprehensive restructuring project which will see one take over the maintenance area and become independent in July 2023 while the second will include ground handling and become independent in 2024.
The two new subsidiaries “can attract the attention of international partners to come and invest in these areas and bring more technicality and know-how, but also improve our network”, Benslimane said as he revealed that the beginnings of the maintenance subsidiary are already palpable, with the signing of a contract with an international client, namely the French company ASL, having requested the services of Air Algérie.
“It is the first European company assisted by the national company”, he said.
Two subsidiaries have already been created, namely the catering subsidiary and the cargo subsidiary.