in Air Transport

Ethiopian partners with Zambian Government for the re-launch of the national carrier

Posted 19 January 2018 · Add Comment

Ethiopian Airlines has finalised shareholders agreement with the Government of Zambia for the re-launch of Zambia Airways. The Government of Zambia will be the majority shareholder with 55% and Ethiopian will have 45% stakes in the airline.

Tewolde Gebremariam, Group CEO of Ethiopian Airlines remarked: “In line with our Vision 2025 multiple hubs strategy in Africa, we are very happy that the discussions with the Zambian government have been crowned with success. The launching of Zambia Airways will enable the travelling public in Zambia and the Southern African region to enjoy greater connectivity options, thereby facilitating the flow of investment, trade and tourism, and contributing to the socio-economic growth of the country and the region.

As an indigenous and truly Pan-African airline, we firmly believe that it is only through partnerships among African carriers that the aviation industry of the continent will be able to get its fair share of the African market, currently heavily skewed in favor of non-African airlines, and play its rightful role in availing efficient air connectivity within Africa as well as with the rest of the world. ”

The airline is meant to initially serve national and regional destinations before embarking on international flights. The Government of Zambia will be the majority shareholder with 55% and Ethiopian will hold 45% in the airline.

The establishment of multiple hubs in Africa being an overarching strategy of Ethiopian under its Vision 2025, the national flag carrier currently operates hubs in Lomé (Togo) with ASKY Airlines and Malawian in Lilongwe (Malawi).

 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Swaziland seeks to diversify network through subsidised ops

Following the collapse of the Swazi Airways venture before it ever even launched flights, the Swazi government is now courting South African carriers over their interest in connecting Manzini King Mswati III Int'l to various cities

Algerian minister confirms bids submitted re cargo market tender

Algerian Minister of Public Works and Transport, Abdelghani Zaalane, has confirmed that four bids have been submitted to government regarding the proposed liberalisation of the country's air cargo market, reports ch-aviation.

AHRLAC based Bronco II launched

The newly created company Bronco Combat Systems (BCS) USA, announced today the launch of the Bronco II aircraft, which is based on Paramount Group's AHRLAC aircraft (Advanced High-Performance Reconnaissance Light Aircraft).

Turkish Airlines to commence flights to Freetown

Turkish Airlines is to launch flights to Freetown.

Dana Air and ASKY sign interline agreement

An interline agreement has been reached between Dana Air and Asky airline, reports Afritraveller.

Boeing 737 MAX 9 awarded FAA certification

Boeing has announced that the 737 MAX 9 has received an amended type certificate (ATC) from the U.S. Federal Aviation Administration (FAA), officially certifying the aircraft for commercial service.

Aviation Africa SK18418
See us at
Global Aerospace BT010518Aviation Africa BT18418