Ethiopia Confirms Airline Plans to Buy 20% of Eritrean Carrier

By Nizar Manek, 17 July 2018
(Bloomberg) --
Ethiopia said its state-owned airline will buy a 20 percent stake in a carrier in neighboring Eritrea after flights resume between the now-friendly nations later this week. 
A stake in Eritrean Airlines would be a “logical step,” Ethiopian Airlines Group Chief Executive Officer Tewolde GebreMariamsaid in an interview published Monday. The move was confirmed by Ethiopia’s government communications office on its Facebook page Tuesday. 
(120 words -- Bloomberg Terminal only)