Ethiopian Airlines to take 45% stake in Zambia Airways

Ethiopian Airlines has finalised a strategic partnership with the Zambian govt on the re-launch of Zambia Airways, taking a 45% stake in the airline. Ethiopian announced Tuesday it had finalised a shareholders’ agreement with the Zambian govt, which will retain a controlling 55% shareholding. Zambia Airways will become Ethiopian’s strategic partner for Southern Africa, building on its existing regional partnerships with ASKY Airlines in Lomé (Togo) and Malawian Airlines in Lilongwe (Malawi). Ethiopian Airlines group CE Tewolde Gebremariam said the move fits with the airline’s multiple hub approach, which forms part of Ethiopian’s 15-year Vision 2025 strategic plan. He added that the partnership will improve Zambian connectivity, boosting investment, trade, tourism and socioeconomic growth. <br/>