Local News

Yemenia Airlines On The Brink Of Bankruptcy

National Yemen

Mohammed al-Makhelafi, Yemenia Commercial Manager

By NY Staff

The Yemen Airways leadership has confirmed that the UN ban on Yemenia aircraft, located in Djibouti airport, has caused huge losses to the company and may lead to the declaration of its bankruptcy if the ban continues.

The company’s losses have amounted to about $16.6 million until now. In a press conference, the Deputy Chairman of Yemen Airways Mohammad al-Mikhlafi said that the company’s losses have reached $11.4 million during the past two weeks.

Al-Mikhlafi said that Yemenia has become a victim of political conflicts though it is a civil aviation and must be neutral to continue providing services to civilians, noting that the ban also resulted in the inability of the company to bring back Yemenis stranded outside the country.

“If this ban continues, the losses of the company will reach $21 million in a month, and this may lead to the company’s closure of its offices all over the world,” Al-Mikhlafi expected.

The Yemeni administration is working on a daily basis to convince the political parties abroad to neutralize Yemenia and lift the ban on its aircrafts in Djibouti or enable them to hire more planes to transport stranded Yemenis around the world.

The Deputy of Technical Affairs Hussein al-Houthi said that the company is in the process of returning two aircraft from its fleet that were rented according to international conditions. The Yemeni fleet includes six aircraft, including four owned by Yemenia Airways.

“Yemenia Airways has vacated four conditions of the agreement with the company that owns the two rented planes, represented by its inability to operate its flights and lack of control over the flights’ schedule and the seriousness of insurance in Yemen in addition to the non-payment of wages on a regular basis, so the company returned its aircraft,” al-Houthi added.

The Presidential plane was destroyed in Aden airport after the airport was targeted by thirty rockets. Yemenia lost about $1 million because of this attack.

Yemenia officials plan to escalate their demands to enable them to practice their business and are exploring their options, such as holding demonstrations and revealing the facts to the people.

Saudi Arabia has a 49% share of Yemenia and the commercial director said that Yemen will ask for the the losses incurred from the offending party in the war and also of the next government.

Al-Mikhlafi said that Yemenia has agreed to operate its flights from outside Yemen for the purpose of providing commercial services, but this proposal has not been approved despite the acceptance of the company to incur the high-expense insurance to remain neutral in its services.

Sources in the Aviation Authority said that resigned President Abd Rabbu Mansour Hadi ordered not to move Yemen Airways aircraft located in Djibouti because he is the legitimate authority in Yemen.

The General Authority of the airline condemned the Yemeni leaders’ agreement to the war against Yemen by preventing the national airline aircraft from bringing in Yemeni citizens abroad.

The Aviation Authority called to lift the siege on Yemen and Yemenis and commit to the ethics of war.

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