Report
EUR 236.14 For Business Accounts Only

Good news, but the list of challenges remains long

Sarra Ben Rejeb has succeeded what her predecessors have failed to achieve since 2011. The former presidential aircraft, Airbus A340, was purchased by Turkish Airlines for TND181.6m (a Net book value on 31/12/2014 is TND184.7m). At the time of its sale, the aircraft registered only 70 hours of flight, thus, it is virtually unused.
On the other hand, the company’s passenger traffic increased by 8.6% during the first 11 months of 2016, compared to the same period of 2015, while the rest of traffic recorded a decrease of 8%.
Underlying
Societe Tunisienne de L'Air

Provider
AlphaMena Corporate Services
AlphaMena Corporate Services

AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.

Analysts
Salma KHARBACHI

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