Zambia's Government planned to relaunch Zambia Airways as the country's new flagship carrier, in late 2016. Zambia Airways was established in 1964, as a subsidiary of Central African Airways. The carrier operated on domestic and international routes for more than 30 years, until it ceased operations in 1995. Zambian Airways replaced Zambia Airways as the national carrier of Zambia, but later suspended services in 2009 citing financial difficulties. The Republic of Zambia sought to reestablish Zambia Airways, as part of a programme to boost tourism activity. 'Zambia Airways 2014 Limited', the operating name of the proposed Zambia Airways, was registered in 2015, and the Zambian Government allocated USD300 million from the 2016 national budget to start-up capital. Ethiopian Airlines finalised a shareholder agreement with the Zambian government for the reestablishment of Zambia Airways. The Government of Zambia will be the majority shareholder with 55% and Ethiopian will have 45% stakes in the airline.
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