Ethiopian Airlines, the fastest growing airline in Africa, is pleased to announce that it has become the strategic partner of the new Malawian Air with 49% equity shareholding. The remaining 51% of the shares will be held by the Malawian Government and Malawian private investors.
The shareholder agreement for Malawi Airlines was signed between H.E. Dr. Cornelius Mwalwanda, Deputy Minister of Finance of the Government of the Republic of Malawi and Ato Tewolde Gebremariam, Chief Executive Officer of Ethiopian in Lilongwe on Thursday, 11 July 2013.
This new partnership with Malawi Airlines is part of Ethiopian Vision 2025 strategic roadmap of setting up multiple hubs in Africa. Thru this strategic partnership with Malawian Air, Lilongwe will become Ethiopian third hub on the continent after its main hub in Addis Ababa and its West Africa in Lomé. READ MORE