Ethiopian Airlines to revive Zambia Airways after acquiring 45% Stake

 ›  ›  ›  ›  ›  ›  › Ethiopian Airlines to revive Zambia Airways after acquiring 45% Stake

Business,Diaspora,Kenya,Kenya Diaspora News,News,U.S Diaspora

Ethiopian Airlines to revive Zambia Airways after acquiring 45% Stake

Share this
Ethiopian Airlines (Credit – Jet.net)

Ethiopian Airlines to revive Zambia Airways after acquiring 45% Stake

Ethiopian Airlines has finalized 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.

Mr. Tewolde Gebremariam, Group CEO of Ethiopian Airlines said:

“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 establishment of multiple hubs in Africa is part of Ethiopian airlines long term strategy to conquer the African market. Ethiopian currently operates hubs in Lomé (Togo) with ASKY Airlines and Malawian in Lilongwe (Malawi).

State-owned Zambia Airways went into liquidation in 1994 and suspended operations in 2009. The airline is meant to initially serve national and regional destinations before embarking on international flights.

 

Ethiopian Airlines to revive Zambia Airways after acquiring 45% Stake Reviewed by on January 22, 2018 .

Share thisFacebookTwitterPinterestEmailWhatsAppEthiopian Airlines (Credit – Jet.net) Ethiopian Airlines to revive Zambia Airways after acquiring 45% Stake Ethiopian Airlines has finalized 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. Mr. Tewolde

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SAMRACK MEDIA

SAMRACK PRESTIGE SERVICES (S.P.S)

Phone:Tel 781-888-8770

Email: samlibbi@gmail.com,
Email: Samlibbi@yahoo.com

Your Convenience is our Priority!

View Monthly Archives

Subscribe to our Mailing List

Page generated in 2.083 seconds. Stats plugin by www.blog.ca