The Ministry for Civil Aviation, the company Iberia, the entities TOTAL, ASECNA, ADGE, SECURIPORT and some heads from the Government and the administration were called to a meeting by the Prime Minister, Charged with Administrative Coordination, Francisco Pascual Obama Asue, on the morning of 19th December, to study the letter sent by Iberia to the ministry, in which they announce the decision to suspend definitively their flights to Equatorial Guinea due to a lack of profitability and economic losses.
In the letter sent to the Ministry for Civil Aviation, Iberia complains of the price of fuel, competition from the national airline Ceiba on the Malabo-Madrid-Malabo route, and the high airport taxes.
The Prime Minister considered some of these complaints and recommended a reduction in both the price of aircraft fuel and other airport taxes not approved by the Government.
However, following an analysis of the permanence of Iberia from the last regime to date, the profits of the company and, above all, the historic relations between Equatorial Guinea and Spain, and the support provided by both countries, together with the role played by Equatorial Guinea in the promotion of the Spanish language in Africa and the relationship between the two Governments, the Prime Minister made it clear that the Government did not accept the withdrawal by Iberia for the reasons expressed.
Obama Asue clarified that the Spanish Government should notify the Government of Equatorial Guinea of the definitive cancellation of flights by the airline to our country, taking into account that Iberia is the Spanish flag-bearer and, as such, the Spanish Government should assume responsibility for the decision, which the Equatoguinean Executive does not accept for the economic reasons indicated by Iberia.
A financial study commission will present its conclusions to Obama Asue next Friday.
Source: Official Web Page of the Government of the Republic of Equatorial Guinea