Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Top Story

Ethiopian Airlines teams up with African carriers

Ethiopian Airlines has also formed a new airline in Mozambique with full ownership.

Addis AbabaEthiopia, Aug 22 – Ethiopian Airlines is teaming up with four African airlines and has inked a deal to set up a fifth, the company’s chief executive told AFP, as it continues its expansion on the continent.

The group’s CEO Tewolde Gebremariam told AFP Tuesday that his company has finalised deals giving it a 49 percent stake in the national airlines of Guinea – which recently relaunched after 15 years on the ground – and Chad – whose airline was grounded in 2012 over serious safety concerns.

It has also finalised a deal to take a 45 percent stake in Zambia Airways, which went under in the nineties, and taken over the management of Equatorial Guinea’s airline which has also battled safety concerns.

Ethiopian Airlines has also formed a new airline in Mozambique with full ownership.

“Guinea Airlines is preparing to start flights to neighbouring and regional countries soon, Chad Airlines will start work on October 1, Mozambique Airlines will start operations by the end of the year and at the request of Equatorial Guinea President Teodoro Obiang, ET has taken over complete management of the country’s national air carrier,” said Gebremariam.

Gebremariam said Ethiopian Airlines was already the biggest African air operator, transporting about 10.6 million passengers during the fiscal year which ended in July.

He said the airline wanted closer ties with other carriers on the continent to create a feeling that it is an “African airline,” in line with African Union goals for greater economic integration.

Ethiopian Airlines also recently announced talks to buy a stake in Eritrean Airlines after a landmark peace deal ended a bitter 20-year conflict between the two nations and they resumed air links.

The carrier from Africa’s second most populous country already has interests in the airline of Malawi and Togo-based private carrier ASKY, and has signalled its desire to help establish nascent state-run carrier Nigeria Air.

Advertisement. Scroll to continue reading.
Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...