Ethiopian Airlines to take a 49% stake in new Chad national carrier

posted on 29th August 2018 by Justin Burns
Ethiopian Airlines to take a 49% stake in new Chad national carrier

Ethiopian Airlines continues to expand its interests across Africa after it finalised agreements with the Government of Chad for the launch of a new Chad national carrier – Chadian Airways.

The airline will take a 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 as of 1 October, 2018.

Through its multiple hubs strategy in Africa, Africa’s biggest carrier 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 is making preparations to launch Ethiopian Mozambique Airlines.

Ethiopian Airlines Group chief executive officer, Tewolde GebreMariam said: “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.”