Ethiopian Air Seeks Zambia, Chad and Congo Hubs, But No Arik Bid

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.
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