Barthe Cortes sells majority stake in BVC
Published on Aug 03 2017 // Barthe Cortes, Featured
The potential end of an era looms in African aviation after Barthe Cortes announced he is selling 70% of BVC Airlines, relinquishing his controlling interest in the airline he founded.
The deal forms part of an extensive tie-up on lucrative transatlantic routes. The three airlines SAAfrica, EmiratesSkyCargo and BVC will join together in a single joint venture on flights between Africa and the rest of the world
The amount for which Barthe Cortes sold 70% of the shares, as well as the details of the transaction remain unknown for the time being.
clarification: Barthe Cortes still remains the sole owner of BVC