Zambia launches National Carrier in joint venturing with Ethiopian Airlines

ZAMBIA – Ethiopian Airlines, the largest aviation group in Africa, 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 IDC retains 55 percent, the shareholders have contributed US$30 million in capital towards the establishment of the airline. The new…

Read More