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Ethiopian partners with Industrial Development Corporation to start Zambia Airways

Posted : 01 December 2021 08:46:26 | By TWO Bureau | GNN Bureau

Ethiopian partners with Industrial Development Corporation to start Zambia Airways

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.

Ethiopian Airlines has 45 percent stake in the joint venture while Industrial Development Corporation Limited (IDC) retains 55 percent. The shareholders have contributed $30 million in capital towards the establishment of the airline.

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



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Tags : #Ethiopean airlines, # Zambia Airways, # joint venture of Ethiopean airways,


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