Ethiopian Partners with Industrial Development Corporation in launching of Zambia Airways

Share
Tweet
Post
Send

Ethiopian Airlines has finalized preparations for the launch of Zambia’s National Carrier in a joint venture with Industrial Development Corporation Limited (IDC).

Ethiopian has 45 percent stake in the joint venture while Industrial Development Corporation Limited (IDC) retains 55 percent, the shareholders have contributed USD30 million in capital towards the establishment of the airline.

The new Zambia Airways (ZN) is to join African sky with its initial domestic flight from Lusaka to Ndola on 1st December 2021 and it will operate at a frequency of six and five times a week to Ndola and Livingstone, respectively.
Other domestic routes to Mfuwe and Solwezi will follow before introducing regional destinations, to Johannesburg and Harare, to its network within the first quarter of 2022.

Mr. Tewolde GebreMariam, Group CEO of Ethiopian Airlines remarked: “The strategic equity partnership in the launching of Zambia’s national carrier is part of our Vision 2025 multiple hub strategy in Africa.

“Ethiopian is committed to its growth plan in collaboration with African carriers and the new Zambia Airways will serve as a strong hub in Central and Southern Africa availing domestic, regional and eventually international air connectivity for passengers and cargo to the major destinations in the Middle East, Europe and Asia, which will enhance the socioeconomic integration and tourism industry in Zambia and the region.”

Through its multiple hubs strategy in Africa, Ethiopian currently operates hubs in Lomé (Togo) with ASKY Airlines, Malawian in Lilongwe (Malawi), Tchadia in N’Djamena (Chad) and Ethiopian Mozambique in Maputo (Mozambique) while having the already acquired stakes in Guinea’s and Democratic Republic of Congo’s national carriers.

Share
Tweet
Post
Send

Related Posts

Juliana Kagwa is new Uganda Tourism Board CEO

The Uganda Tourism Board (UTB) has announced Juliana Kagwa, a highly accomplished leader in marketing and management, as its new CEO. This exciting appointment signals a fresh, dynamic direction for

Sponsored

Follow Us

Follow Us on X

#VoyagesAfriq The Uganda Tourism Board (UTB) has announced Juliana Kagwa, a highly accomplished leader in marketing and management, as its new CEO. @JulzKagwa @TourismBoardUg

🔗

#VoyagesAfriq || The largest ever edition of @IMEX_Group Frankfurt opened its doors yesterday . The show, taking place May 20-22, is the biggest yet in terms of exhibitor floor space, welcoming almost 3,000 exhibiting companies.

🔗 #imex2025

#VoyagesAfriq | Don’t miss your runway moment at WTE Miami 2025, Sept 17–18!

2 days, 400+ exhibitors, 60+ countries, 1 global hub.

Early registration = exclusive perks + premium visibility.

Book your space now!

https://wtemiami.com/

#VoyagesAfriq | ICCA unveils the 2024 Country & City Rankings, offering strategic insights into global association meetings.

The enhanced report affirms ICCA’s role in driving impact and legacy.

Read more:

@ICCAWorld

Load More