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
WelcomHeritage Hotels has a new CEO
Mr. Sunil Gupta has taken over as the Chief Executive Officer of WelcomHeritage Hotels with effect from December 2015. He brings along an experience of 30 years in the hospitality
Radisson Hotel Group launches global partnership with SOS Children’s Villages
Radisson Hotel Group announced at its Americas Business Conference in Orlando, Florida, a new global partnership with SOS Children’s Villages, the world’s largest not-for-profit organization dedicated to building loving, stable families
Ethiopian Airlines won Employer of Choice Award
Ethiopian Airlines, the largest, fastest growing and most profitable airline in Africa, is pleased to announce that it has won Employer of Choice 2015 award by Careers in Africa in
