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
Sabre and HNA Aviation Group solidifies relationship and expands strategic technology agreement
Sabre to provide HNA access to advance technologies extending a competitive advantage for the airline Sabre Corporation has entered into an agreement with HNA Aviation Group to provide its airlines
India-Israel sign bilateral agreements on energy, cyber security
On Day 2 of his maiden visit to India, second by any Israeli Prime Minister, Benjamin Netanyahu held delegation-level talks with Prime Minister Narendra Modi. PM Modi invited Israeli defence companies to
Royal Jordanian, Turkish Airlines Sign Code Share Agreement
Royal Jordanian (RJ) and Turkish Airlines (TK) have signed a Codeshare Agreement on routes between Jordan and Turkey on September 14. The Codeshare Agreement on routes between the two airlinesis
