Monday, November 29,2021 / 06:50 PM / by Ethiopian Airlines/ Header Image Credit: 2Merkato

EthiopianAirlines, the largest aviation group in Africa, is pleased to announce that ithas finalized preparations for the launch of Zambia's National Carrier in ajoint venture with Industrial Development Corporation Limited (IDC). Ethiopianhas 45 percent stake in the joint venture while Industrial DevelopmentCorporation Limited (IDC) retains 55 percent, the shareholders have contributedUSD30 million in capital towards the establishment of the airline.

The newZambia Airways (ZN) is to join African sky with its initial domestic flightfrom Lusaka to Ndola on 1st December 2021 and it will operate at a frequency ofsix and five times a week to Ndola and Livingstone, respectively. Otherdomestic routes to Mfuwe and Solwezi will follow before introducing regionaldestinations, to Johannesburg and Harare, to its network within the firstquarter of 2022.

Mr. TewoldeGebreMariam, Group CEO of Ethiopian Airlines remarked: "The strategic equitypartnership in the launching of Zambia's national carrier is part of our Vision2025 multiple hub strategy in Africa. Ethiopian is committed to its growth planin collaboration with African carriers and the new Zambia Airways will serve asa strong hub in Central and Southern Africa availing domestic, regional and eventuallyinternational air connectivity for passengers and cargo to the majordestinations in the Middle East, Europe and Asia, which will enhance thesocioeconomic integration and tourism industry in Zambia and the region"

Through itsmultiple hubs strategy in Africa, Ethiopian currently operates hubs in Lome (Togo) with ASKY Airlines, Malawian in Lilongwe (Malawi), Tchadia in N'Djamena(Chad) and Ethiopian Mozambique in Maputo (Mozambique) while having the alreadyacquired stakes in Guinea's and Democratic Republic of Congo's nationalcarriers.

Related News

1.  EthiopianAirlines, Boeing Sign MOU for B787 Landing Gear Exchange

2.  Abuja-KadunaRail Line; The Safest Travelling Option Now Under Siege

3. ModestPick-up in Domestic Air Traffic in Q2 2021

4. 1.38mPassengers Arrived Across All Nigerian Airports in Q2 2021 - NBS

5.  AverageFare Paid for Bus Journey Increased by 4.98% MoM in August 2021 - NBS

6. EconomicRecovery and Increased Investment to Support Rail Infrastructure

7. 563,385Passengers Travelled Via Rail in Q2 2021 - NBS

8. EthiopianUnveils Convenient Digital Options to Economy Travelers

9.  EcobankNigeria MD Canvasses Financial Institutions to Bridge Infrastructure Gap

10. AverageFare Paid by Commuters for Intercity Journey Increased by 0.81% MoM in July2021 - NBS

11.  FECApproves Federal Tolling Policy and Regulations, Cars to Pay N200

12.  AverageFare Paid for Bus Journey Increased by 2.80% MoM in June 2021 - NBS

13. Ghana:AfDB Group-Financed Road Interchange Opens, Trade and Incomes Expected up