Ethiopian Airlines Launches New Zambia Airways with IDC
Ethiopian Airlines has finalized preparations for the launch of Zambia’s National Carrier in a joint venture with Industrial Development Corporation Limited (IDC).
Ethiopian has 45% stake in the joint venture while Industrial Development Corporation Limited (IDC) retains 55%. The shareholders have contributed USD30 million in capital towards the establishment of the airline.
The new Zambia Airways (ZN) is to join African sky with its initial domestic flight from Lusaka to Ndola on 1st December 2021 and it will operate at a frequency of six and five times a week to Ndola and Livingstone, respectively.
Other domestic routes to Mfuwe and Solwezi will follow before introducing regional destinations, to Johannesburg and Harare, to its network within the first quarter of 2022.
Through its multiple hubs strategy in Africa, Ethiopian currently operates hubs in Lomé (Togo) with ASKY Airlines, Malawian in Lilongwe (Malawi), Tchadia in N’Djamena (Chad) and Ethiopian Mozambique in Maputo (Mozambique) while having the already acquired stakes in Guinea’s and Democratic Republic of Congo’s national carriers.