Stakes and Ownership
The airline is owned 95.95% by the Moroccan government, 2.86% by Air France and 0.95% by International Airlines Group. The government intends to partially privatise the airline through the sale of a 25% holding. Royal Air Maroc has 5,719 employees.
Royal Air Maroc had a 99% holding in Atlas Blue and 51% in Air Senegal International, plus an undertermined stake in Air Gabon International a 51% stake in Air Mauritanie before all these airlines ceased their operations.
The subsidiaries of The Group Royal Air Maroc are:
- Royal Air Maroc
- Royal Air Maroc Express
- RAM Cargo
- Atlas Aérotechnic Industries
- Atlas Hospitality (Hotels)
- Atlas Catering Airlines Services
- RAM Academy
Read more about this topic: Royal Air Maroc
Famous quotes containing the words stakes and/or ownership:
“Law makes long spokes of the short stakes of men.”
—William Empson (1906–1984)
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)