Ethiopian acquires 49% stake in Chad”s new airline

Ethiopian Airlines has entered into agreements with the Government of Chad to launch a national carrier Chad.

Ethiopia has a 49% stake in the joint venture, while the Chad government retains 51%, Ethiopian Airlines said in a statement on Saturday.

The new national carrier of Chad is scheduled to enter into force on 1 October.

The Director General of Ethiopian Airlines, Tewolde GebreMariam, said in a statement that the national airline Chad will become a center in Central Africa.

Ethiopia recently acquires shares in national airlines.

Thanks to its strategy of multiple hubs in Africa, the Ethiopian currently manages the Lome (Togo) centers with ASIC and Malavian airlines in Lilongwe (Malawi), having already acquired stakes in national carriers in Zambia and Guinea, and is preparing to launch Ethiopian airlines in Mozambique.

Since Nigeria plans to locate its national carrier, Nigeria Air, the Ethiopian airline is widely known as one of the airlines offering to purchase stakes in the new carrier. Its CEO was listed as the Airline was the leader in the bidding process to control Nigerian Air, but the application was quickly rejected after a reaction from the Government of Nigeria.

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