Somalia’s Flag Carrier: Ambition Without the Institutional and Economic Foundation

Mogadishu (WDN) — Somalia is preparing to revive its long-dormant national airline through a Rent-to-Buy (Lease-to-Own) agreement with LEMA Air Group that would initially provide two Airbus A320 aircraft. Under the arrangement, the government would operate the aircraft under a lease before eventually taking ownership once the agreed payments have been completed. There is very...