Royal Air Maroc
Few aviation players in Middle East & North Africa match the executional depth of Royal Air Maroc. From Casablanca, the group manages a workforce of approximately 4k and generates close to $2B in revenue, while steadily widening the gap with regional peers.
Few aviation players in Middle East & North Africa match the executional depth of Royal Air Maroc. From Casablanca, the group manages a workforce of approximately 4k and generates close to $2B in revenue, while steadily widening the gap with regional peers.
The group's regional balance sheet allows it to invest counter-cyclically, an advantage few competitors can match in the current rate environment.
“Royal Air Maroc is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”
Capital markets have started to price in the durability of the model, and rating agencies have followed.