The Management of Ethiopian Airlines says it has finalized an agreement with the Zambian government to jointly re-launch that country’s national carrier. In a press release issued today, January 16, 2018 and copied to ghanabusinessnews.com, Ethiopian says it has signed a shareholders agreement with the Zambian authorities for the re-launch of Zambian Airways. “The Government of Zambia will be the majority shareholder with 55 per cent and Ethiopian will have 45 per cent stakes in the airline,” Ethiopian said. Founded in 1964, Zambia Airways was a subsidiary of Central African Airways – it later broke away from Central African Airways, but the airline subsequently went the way of most national carriers on the continent. In September 2017 news reports out of Zambia indicated that the government was in talks with Ethiopian to restart the airline.

Source: Ethiopian News January 16, 2018 10:41 UTC