30-Nov-2021 6:28 AM
Ethiopian Partners with Industrial Development Corporation in Launching of Zambia Airways
Direct News Source
Ethiopian Airlines, the largest aviation group in Africa, is pleased to announce that it has finalized preparations for the launch of Zambia's National Carrier in a joint venture with Industrial Development Corporation Limited (IDC). Ethiopian has 45 percent stake in the joint venture while Industrial Development Corporation Limited (IDC) retains 55 percent, the shareholders have contributed USD30 million in capital towards the establishment of the airline.
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This press release was sourced from Ethiopian Airlines on 29-Nov-2021.