3 SEPTEMBER 2018
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A new African carrier is set to take to the skies on 1 October after Ethiopian Airlines sealed a deal to purchase a 49% stake in Chadian Airlines. The government of Chad will retain 51%.
The creation of the new flag carrier is part of Ethiopian’s “Vision 2025” multiple-hub strategy in Africa, which has already seen similar deals with several African countries as part of its growth plan.
It has a 49% stake in the national airlines of Malawi and Guinea, 45% in Zambian Airways and 40% in Asky Airline, based in Togo. It is also in talks with other countries including Mozambique, Djibouti, Equatorial Guinea, DR Congo, Nigeria and Ghana.
Ethiopian Airlines group CEO Tewolde Gebremariam said: “The new Chad national carrier will serve as a strong hub in central Africa for domestic, regional and eventually international air connectivity to the major destinations in the Middle East, Europe and Asia.
Ethiopian already operates the hubs at Lome in Togo and Lilongwe in Malawi.
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