(eTN) – The government of Malawi and Ethiopian Airlines finalized the creation of a new national airline in the Southern African country, called Malawian Airlines.
According to information from Addis Ababa, the government of Malawi holds 51% of the shares in new carrier, and Ethiopian Airlines holds 49%.
Negotiations had been ongoing for a while and, as previously reported, Malawiโs government sought a strategic investor after the financial collapse of Air Malawi, to creatate professionally managed new national airline supported by a strong partner. After ASKY in West Africa, Malawian Airlines will be the second such joint venture, as Ethiopian seeks to assert their continental leadership through both direct expansion across Africa and through strategic partnerships, which can help feed extra traffic into ETโs long haul network and in turn benefit from โde-feedingโ Ethiopianโs traffic to the respective countries into the near region.