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Ethiopian partners to launch Zambia’s national carrier with 45% stake

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Logistics Update Africa News
Ethiopian partners to launch Zambia’s national carrier with 45% stake

Ethiopian Airlines, the largest aviation group in Africa, is announced that it has finalized preparations for the launch of Zambia’s National Carrier in a joint venture with Industrial Development Corporation Limited (IDC).

Ethiopian has 45 percent stake in the joint venture while Industrial Development Corporation Limited (IDC) retains 55 percent, 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 December 1, 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.


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