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
Middle East airline passenger numbers projected to climb 7% in 2018
Arab air transport market grew by 9.9% in the past year Middle East airlines forecasted net profits to hit $600 million in 2018 Aviation industry to form key discussion topic
Confirmtkt confirms the busiest train routes for the forthcoming festive season
The platform’s advanced machine learning-based system intends to increase the chances of confirmation of train tickets for travellers during this festive period. As we are nearing the much-awaited festive season
TUTC targets Travel Agent Community with special commission on luxury packages
The Ultimate Travelling Camp (TUTC) is targeting the travel agent and tour operator communities to further leverage sales of their super luxury camps in India. Currently operational camps include the
