Ethiopian Airlines signs deal to revive Zambia’s national carrier

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

Slider

India to provide $31 million support for rural aviation scheme says Jayant Sinha

India launched the Regional Connectivity Scheme to get more people flying in what is already the world’s fastest growing aviation market. India’s Minister of State for Aviation Jayant Sinha said

Trending

UNWTO Conference in Valladolid to discuss Innovative Tourism Experiences in Urban Destinations

Innovation, traveller demand for diverse and authentic experiences in cities, and urban tourism governance models will be the central themes of the “UNWTO Conference on City Breaks: Creating Innovative Experiences”,

Awards & Recognitions

Eastbound Group one of four Indian travel companies to be certified by Great Place to Work

Eastbound Group, a consortium of travel and tourism businesses offering solutions for experiential journeys, integrated travel representation, end-to-end event management and B2B hotel distribution becomes one of the only four