Monday, September 23, 2024

Ethiopian Airlines to secure stake in new Chadian Airlines

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Isaac Kaledzi is an experienced and award winning journalist from Ghana. He has worked for several media brands both in Ghana and on the International scene. Isaac Kaledzi is currently serving as an African Correspondent for DW.

Ethiopian Airlines will acquire a 49 per cent stake in the new Chadian Airlines that is set to be launched in October.

The Ethiopian flag carrier has been in talks with Chad to establish the joint venture with the government retaining a 51 per cent stake.

Chadian Airlines will also serve as a base for Ethiopian Airlines’ central Africa operations.

Chad is one of four countries that the airline has been negotiating with to set up carriers through joint ventures. The others are Equatorial Guinea, Guinea, and Djibouti.

Ethiopian Airlines already runs Togo-based Asky Airline where it holds a 40 per cent stake and Malawian Airlines where it has a 49 per cent shareholding.

In January, it acquired a 45 per cent take in Zambian Airways, which will be revived later this year after more than two decades.

Africa’s largest airline by revenue and profit, according to the International Air Transport Association, also plans to set up a fully-owned new carrier in Mozambique.

IMF makes significant progress in talks with Kenya

 

 

Source: TheEastAfrican

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