Windhoek-Ethiopian Airlines, the largest aviation group in Africa and SKYTRAX certified Four Star Global Airline, has confirmed that it has finalised a 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 percent, and Ethiopian Airlines will have 45 percent stake in the airline.
Tewolde Gebremariam, Group CEO of Ethiopian Airlines (Ethiopian) 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 socioeconomic 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 favour 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.
With the establishment of multiple hubs in Africa being an overarching strategy of Ethiopian under its Vision 2025, it currently operates hubs in Lomé (Togo) with ASKY Airlines, and in Lilongwe (Malawi).
Ethiopian Airlines is still the fastest growing airline in Africa and in its 70 plus years of operation it has become one of the continent’s leading carriers, unrivalled in efficiency and operational success. Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 through which it aims to become the leading aviation group in Africa.