Friday, November 30, 2012

Equatorial Guinea and Spain Agree to Increase Air Traffic Between Madrid and Malabo

Ceiba International and Iberia will operate a total of 15 flights per week
The governments of Equatorial Guinea and Spain recently signed an agreement to increase the number of passenger flights on the Malabo-Madrid route operated by Equatorial Guinea’s national airline, Ceiba Intercontinental, to eight flights per week. Ceiba currently operates three flights per week.

Agapito Mba Mokuy, Minister of Foreign Affairs of Equatorial Guinea, and Jose Manuel Garcia-Margallo, Minister of Foreign Affairs of Spain, signed the agreement on Wednesday, November 28.

Ceiba Intercontinental made its historic first intercontinental flight on October 4 from Malabo, Equatorial Guinea, to Madrid. Ceiba is currently servicing the route with a newly acquired Boeing 777 aircraft. Spain’s airline, Iberia, recently announced it will increase the Malabo-Madrid route from three to seven flights per week.

Lufthansa and Air France offer service between Malabo and Frankfurt and Paris, respectively. Malabo is also served by royal Air Maroc and Ethiopian Airlines. Ceiba offers service from Malabo and Bata to several destinations in Africa. 

This agreement reflects the growth of the economy and the increased business activity in Equatorial Guinea, which is centered largely around petroleum and natural gas production. The government of Equatorial Guinea has launched a development plan with the goal of creating a sustainable and more diversified economy by 2020.