Ethiopian and RwandAir negotiate details in merger talks
RwandAir and Ethiopian Airlines expect in the next few months to formally establish a strategic partnership that would see the two carriers working closely together. Under the terms of a deal provisionally reached earlier this month, Ethiopian Airlines will acquire a 49% stake in the smaller RwandAir, giving it the opportunity to create a new east African hub in the Rwandan capital Kigali. It will also gain representation on the RwandAir board and will provide technical assistance. Etihad Airways had previously expressed a desire to buy into RwandAir, but CE John Mirenge confirmed his preference for Ethiopian Airlines following a visit to its Addis Ababa headquarters earlier this month. Still to be determined in the course of final negotiations is the amount of capital Ethiopian will provide for its 49% stake. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-03-01/star/ethiopian-and-rwandair-negotiate-details-in-merger-talks
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Ethiopian and RwandAir negotiate details in merger talks
RwandAir and Ethiopian Airlines expect in the next few months to formally establish a strategic partnership that would see the two carriers working closely together. Under the terms of a deal provisionally reached earlier this month, Ethiopian Airlines will acquire a 49% stake in the smaller RwandAir, giving it the opportunity to create a new east African hub in the Rwandan capital Kigali. It will also gain representation on the RwandAir board and will provide technical assistance. Etihad Airways had previously expressed a desire to buy into RwandAir, but CE John Mirenge confirmed his preference for Ethiopian Airlines following a visit to its Addis Ababa headquarters earlier this month. Still to be determined in the course of final negotiations is the amount of capital Ethiopian will provide for its 49% stake. <br/>
