Ethiopian Airlines has announced it has signed an agreement with the Zambian government to relaunch Zambia Airways 24 years after the airlines went into liquidation, the company said.
In a joint statement with Zambia´s Industrial Development Corporation, Ethiopian Airways said it expects to operate 12 planes by 2028.
Ethiopia´s flag carrier said it would own 45% of the revamped Zambian airline, while Zambia would own 55%. The airline´s initial investment will be USD 30 million.
Zambia Airways will launch local and regional routes this year, while intercontinental routes, including Europe, the Middle East and Asia, will be added.
Financial News
