Ethiopian Airlines signs deal to revive Zambia’s national carrier
Ethiopian Airlines signed an agreement with the Zambian government to relaunch the southern African country’s national carrier, which was shut down more than two decades ago. Ethiopia’s state-owned flag carrier, ranked by the International Air Transport Association (IATA) as the largest airline in Africa by revenue and profit, is in talks with a number of airline companies across the continent to acquire stakes and manage operations.
Ethiopian Airlines said on Tuesday said it had struck a deal with shareholders of Zambia Airways and had acquired a 45 percent stake in the firm. It did not disclose how much it had paid for the stake. Ethiopian Airlines said on Tuesday it had signed an agreement with the Zambian government to relaunch the southern African country’s national carrier, which was shut down more than two decades ago.
Ethiopia’s state-owned flag carrier, ranked by the International Air Transport Association (IATA) as the largest airline in Africa by revenue and profit, is in talks with a number of airline companies across the continent to acquire stakes and manage operations.
Ethiopian Airlines said on Tuesday said it had struck a deal with shareholders of Zambia Airways and had acquired a 45 percent stake in the firm. It did not disclose how much it had paid for the stake.
News Source: www.reuters.com
You might also like
Railways announces special trains
Southern Railway has announced special trains to clear the extra rush of passengers. According to a statement, train no. 06074 Nagercoil – Tambaram special fare special will leave Nagercoil at
Travel searches this monsoon grow by 25%: Report
Travel searches this monsoon season have increased by 25 per cent over last year, with Dubai, Singapore and Bangkok being the most preferred destinations, a report said. The usual favourites
Cabinet approves signing of Air Services Agreement between India and Taiwan
The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved the signing of Air Services Agreement between India-Taipei Association in Taipei (India’s representative office in Taiwan)
