22 JANUARY 2018
© 2022 Business Travel News Ltd.
Ethiopian Airlines, which claims to be the largest aviation group in Africa, has announced a shareholder’s 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 a 45% stake in the airline.
Mr 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 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.”
More details are expected to emerge in the coming months.
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