Contract between Zambia Airways and Ethiopian Airlines will not be reviewed

Date:

Share post:

The launch of Zambian Airways which is a partnership between the Industrial Development Corporation and Ethiopian Airlines has missed several launch deadlines with the latest being December when it was due to take to the skies.

Minister of Transport and Logistics Frank Tayali says the government will not be reviewing the Zambia Airways principal shareholders agreement signed with Ethiopian Airlines and that the fundamental principles will not change.

Minister of Transport and Logistics Frank Tayali, however, states that the government through the Industrial Development Corporation (IDC) is reviewing attendant agreements with Ethiopian Airlines to ensure that its terms and conditions are equitable and do not in any way disadvantage the Zambian government.

Elsewhere, Ethiopian involvement in the launch of a new airline will help the airlines to expand inter-African routes further because the connectivity within the continent is still not well. “We have the AOC, the aircraft—51% will be held by the government and 49% by us,” Ethiopian Airlines CEO mentioned.

The Minister was responding to a question by Kantanshi member of parliament Anthony Mumba who wanted to find out whether the government has any plans to urgently review the contract between Zambia Airways Limited and Ethiopian Airlines, to ensure a win-win situation, before the launch of the national airline scheduled for 1st December 2021.

Addis Insight
Addis Insighthttps://addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.

Related articles

From Ayder to Tabebe Ghion: How Insecurity and Dr. Andualem’s Death Are Driving Professionals Away

Dismantling the Institution: The Migration of Professionals Amid InsecurityBy Wendemagegn EnbialeInsecurity is dismantling institutions, forcing professionals to abandon...

From Stadiums to Substations: Engineer Getu Geremew’s Leadership Journey

Engineer Getu Geremew Soressa has been appointed as the CEO of Ethiopian Electric Service, bringing with him extensive...

Exness Expands Operations in Ethiopia with Amharic Language Support

Exness, a leading global forex and CFD trading platform, has announced the introduction of Amharic language support, making...

Unprecedented Methane Emissions from Mount Fentale Raise Questions About Ethiopia’s Natural Gas Potential

The recent detection of large-scale methane emissions from Mount Fentale, an active stratovolcano in Ethiopia’s Great Rift Valley,...