Jeffrey Erickson, a former CEO of TWA, was appointed Interim CEO of Air Afrique on January 29, 2001. Air Afrique member states have since taken over this financing. It was also based on an analysis of the industry by Bank Group specialists. The member states are consulting to consider their options and have indicated that they will reach a decision on the future of the company very shortly. The decision, however, is not a World Bank's decision but that of the member governments.
Ownership rests firmly in the hands of the member states.
We have provided technical advice to help the member states assess the issues, review options and look at international experience, and we stand ready to consider further support for the implementation of a credible plan of action, including the financial costs that may result from any layoffs, and additional technical assistance for the execution of the chosen plan. We shall continue to promote a process that will ensure efficient liberalization of the sector in order to develop the transport industry in Africa and help the region become more competitive on regional and international markets.