In June 1960, the Federal Assembly of the newly independent Mali Federation voted to set up a new national airline to be known as Air Mali. SociÃ©tÃ© Nationale Air Mali was founded by the Malian government on 27 October 1960 with the intent of becoming the newly independent country's national airline. When the airline was founded, the legislation under which the airline was set up gave the airline exclusive rights on domestic flights, and international flights from the country to the outside world. The company which was founded with start up capital of CFA 50 million, was given the right to sell up to 45% of its shares to private investors, however, very few were sold.
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