Ethiopian to buy stake in Air Malawi to establish new airline in Zambia

Ethiopian Airlines is to buy stake in the frail airline of Malawi. The Government of Malawi recently asked companies to present expression of interest for the partial acquisition of its failing airline. Subsequently 11 airlines submitted to the Malawi Privatisation Authority. Ernst & Young has been undertaking a study on the privatisation of Air Malawi which this ceased operation. After evaluating the expression of interest eight companies were selected to participate in the bid. At the 44th General Assembly of the African Airlines Association (AFRAA) held from November 18-20 in Johannesburg CEO of Air Malawi, Patrick E. Chilambe, told Aviation