20/03/2003 Maghreb Confidential N°595

ALGERIA

Will Khalifa Airways still be Flying by Summer?
With the Khalifa Bank now declaring itself insolvent – it has limited withdrawals to 5,000 dinar ($63) per customer—the authorities are putting the squeeze on other affiliates of the group, such as Khalifa Construction, while the holding company's airline, Khalifa Airways, could well be shut down by the end of March. (...)   [137 words]   [€1,5]
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