Air Transport World

Air Gabon battles back: with help from Lufthansa Consulting, the airline is trying to overcome a heritage of mismanagement and government meddling. (Profile).

Air Gabon regarded as a financial basket case for most of its quarter century of existence, well may be on its way back to financial solvency following the government's decision to hire a team of outside experts to aid in restructuring the carrier.

Under a contract with Lufthansa Consulting that came into force in 2001, the Gabon government has permitted Lufthansa personnel to take executive-level positions under DG Jean-Marie Maguena. Hanns Marienfeld is deputy DG-operations and technical and Maria-Angelike Hanne is deputy DG-finance and commercial. As part of its decision, the government also took drastic financial measures, buying Air France's 20% shareholding, absorbing 90% of Air Gabon's debt and providing it with new capital of $46. …

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