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
COVID-19 Impact: International Tourist Numbers Could Shrink 60-80% in 2020, UNWTO REPORTS
International tourism down 22% in Q1 and could decline by 60-80% over the whole year 67 million fewer international tourists up to March translates into US$80 billion in lost exports
India aviation regulator probes P&W engine issues on Airbus A320 NEOs
India’s aviation regulator said it is investigating issues that have arisen with the Pratt and Whitney engines in Airbus Group’s (AIR.PA) A-320 NEO narrow-body jets brought into service over the
One Rep Global appointed as India representative for Broadwick Soho London
One Rep Global has been appointed the India Sales & Marketing representation office for Broadwick Soho London. Slated for launch in late 2022, Broadwick Soho is a 57 room luxurious