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Monday, 22 January, 2018, 11 : 00 AM [IST]

Ethiopian partners with Zambian govt to re-launch Zambia Airways with 45% stake

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% stake in the airline. The airline is meant to initially serve national and regional destinations before embarking on international flights.
 
Commenting on this development, Tewolde Gebremariam, Group CEO, Ethiopian Airlines, said, “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.”

He went on to say, “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 favour 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 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).
 
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