Ethiopian Airlines has signed an agreement with the Zambian government to relaunch Zambia Airways services after two decades of shut down. The airlines said on Tuesday that it had acquired 45% stake in Zambia Airways and plans to revive its routes concentrating initially on domestic and regional flights.
State-owned Zambia Airways went into liquidation in 1994, then emerged as the country’s main carrier after being privatised. Later in 2009 Zambia Airways ceased it operation. After two decades of shutdown, the airlines will resume flights soon with the help of Ethiopian Airlines.
Ethiopian Airlines, largest in Africa has been buying major shares in Airlines in Africa with the aim of increasing its revenue to $10 billion by 2025 and to increase its fleet to 140 aircraft from its current number close to 90 aircraft.