Ethiopian Airlines has finalized agreements with the Government of Chad for the launch of Chad national carrier which is planned to go into operation on October 1, 2018.
Under the strategic equity partnership agreement, Ethiopian Airlines has 49% stake in the joint venture while the Government of Chad retains 51%.
The new Chad national carrier will serve as a strong hub in Central Africa with domestic, regional and eventually international flights to destinations in the Middle East, Europe and Asia.
Through its multiple hubs strategy in Africa, Ethiopian currently operates hubs in Lomé (Togo) with ASKY Airlines and Malawian in Lilongwe (Malawi).
The airline has already acquired stakes in Zambia’s and Guinea’s national carriers and is making preparations to launch Ethiopian Mozambique Airlines.