The Zambian government and Ethiopian Airlines have formalized an agreement to form Zambia Airways. Zambia’s Industrial Development Corp. (IDC) Group CEO Mateyo Kaluba, and Ethiopian Airlines’ Group CEO Tewolde Gebremariam signed documents in the Zambian capital, Lusaka, on Aug. 19 setting out their positions as shareholders of the new national carrier. The IDC will hold 55% of the carrier’s shares, with Ethiopian Airlines holding 45%. Initial investment in ...

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