in Air Transport / Business & Finance

Zambia Airways relaunches

Posted 22 August 2018 · Add Comment

Following signing of a shareholders agreement in Lusaka on Sunday between the Zambian Government and Ethiopian Airlines, Zambia Airways has been relaunched with its inaugural flight set for the beginning of next year.



According to a statement from the Zambian Government's Industrial Development Corporation (IDC), Zambia Airways is expected to complete certification and start flights on 1 January 2019, rather than as originally planned on Zambia's independence day (24th October).

As strategic equity partners on the national airline project of Zambia, IDC will hold 55% in the carrier and Ethiopian Airlines 45%. Initial investment will be US$30 million and the aim is to operate 12 aircraft by 2028.

IDC chief executive Mateyo C. Kaluba said: "We have a clear sense of the direction we need to take in order to ensure the fortunes and secure growth of the national airline.

"We will instil a performance-driven culture through strong corporate governance structures and make Zambia Airways commercially viable."

The IDC statement also said Zambia Airways will launch local and regional routes with intercontinental flights to destinations including Europe, the Middle East and Asia to follow later.

 

 

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