Ethiopian Airlines acquires 45pc stake in Zambia Airways
2 months ago, 17 Jan 12:46
Ethiopian Airlines has acquired a 45 per cent stake in Zambia Airways that is set to be re-launched after more than two decades. Africa's most profitable airline said Tuesday it has finalised a shareholders agreement with Zambia in line with its vision of setting up multiple hubs in southern and central Africa and the Horn. The move comes just months after it confirmed plans to acquire Nigeria's leading carrier, Arik Air, underlining the Ethiopian airline's plan to expand its presence in Africa. ...
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