THISDAY

Ethiopian Partners Chad

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Ethiopian Airlines has announced that it has finalised agreements with the Government of Chad for the launch of Chad national carrier. Ethiopian has 49 per cent stake in the joint venture while the Government of Chad retains 51 per cent. The new Chad national carrier is planned to go into operation on October 1, 2018. Group CEO of Ethiopian Airlines remarked, Mr. Tewolde GebreMaria­m, “The strategic equity partnershi­p in the launching of the new Chad national carrier is part of our Vision 2025 multiple hub strategy in Africa. “The new Chad national carrier will serve as a strong hub in Central Africa availing domestic, regional and eventually internatio­nal air connectivi­ty to the major destinatio­ns in the Middle East, Europe and Asia. I wish to thank His Excellency President Idriss Deby Itno, the Government of Chad and the stakeholde­rs in the aviation sector in Chad for their strong support to the project.” Through its multiple hubs strategy in Africa, Ethiopian currently operates hubs in Lomé ( Togo) with ASKY Airlines and Malawian in Lilongwe (Malawi), while having the already acquired stakes in Zambia’s and Guinea’s national carriers and making preparatio­ns to launch Ethiopian Mozambique Airlines. Ethiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seventy plus years of operation, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operationa­l success.

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