Thursday, July 4, 2013

Ethiopia Airways buys 49% stake on Malawi Airlines

Following the disbandment of the country’s airline, Air Malawi, government has unveiled a new airline Malawi Airline Limited to be run in partnership with strategic investors Ethiopian Airlines.
Public Private Partnership Chief Executive Officer (CEO), Jimmy Lipunga disclosed about the new airline during a news conference in Blantyre on Tuesday, saying the joint venture will inject about$20 million (approximately K7 billion) investment.

Following the disbandment of the country’s airline, Air Malawi, government has unveiled a new airline Malawi Airline Limited to be run in partnership with strategic investors Ethiopian Airlines.
Public Private Partnership Chief Executive Officer (CEO), Jimmy Lipunga disclosed about the new airline during a news conference in Blantyre on Tuesday, saying the joint venture will inject about$20 million (approximately K7 billion) investment.
http://www.nyasatimes.com/