Ethiopian Airlines, the largest Aviation
Group in Africa and SKYTRAX certified Four Star Global Airline, is
pleased to announce that it has finalized shareholders agreement with
the Government of Zambia for the re-launch of Zambia Airways. The
Government of Zambia will be the majority shareholder with 55% and
Ethiopian will have 45% stakes in the airline.
Mr. Tewolde Gebremariam, Group CEO of Ethiopian Airlines remarked:
“In line with our Vision 2025 multiple
hubs strategy in Africa, we are very happy that the discussions with the
Zambian government have been crowned with success. The launching of
Zambia Airways will enable the travelling public in Zambia and the
Southern African region to enjoy greater connectivity options, thereby
facilitating the flow of investment, trade and tourism, and contributing
to the socio-economic growth of the country and the region.
As an indigenous and truly Pan-African
airline, we firmly believe that it is only through partnerships among
African carriers that the aviation industry of the continent will be
able to get its fair share of the African market, currently heavily
skewed in favor of non-African airlines, and play its rightful role in
availing efficient air connectivity within Africa as well as with the
rest of the world.”
The airline is meant to initially serve
national and regional destinations before embarking on international
flights. The Government of Zambia will be the majority shareholder with
55% and Ethiopian will hold 45% in the airline.
The establishment of multiple hubs in
Africa being an overarching strategy of Ethiopian under its Vision 2025,
the national flag carrier currently operates hubs in Lomé (Togo) with
ASKY Airlines and Malawian in Lilongwe (Malawi).
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