By Nizar Manek, 15 September
- African No. 1 planning major expansion of regional ventures
- CEO says interest in Nigerian carrier has been misreported
(Bloomberg) -- Ethiopian Airlines Enterprise is in talks about founding regional divisions in Zambia and Chad and aims to buy part of the Democratic Republic of Congo’s national operator in a push to consolidate its lead as Africa’s biggest carrier.
An outline plan for a joint-venture airline in Zambia should be signed with the government and private-equity investors in a few weeks, leading to a final agreement by November, Chief Executive Officer Tewolde GebreMariam said in an interview. That will give Ethiopian a new hub in Lusaka serving southern Africa alongside Malawian Airlines, in which it has a stake.