Monday, July 15, 2013

Ethiopian Airlines expands - acquires 49% of Malawian Air

Ethiopian Airlines - Africa's fastest growing carriers has has acquired 49 percent equity shares in the new Malawian Air, becoming a major strategic partner of the carrier.

The remaining 51 percent of the shares will be owned by the Malawi government and private investors in a public-private partnership.

Both parties signed a shareholder agreement July 11, 2013, where Cornelius Mwalwanda, the Deputy Minister of Finance of the Government of Malawi represented Malawian interestes and

More details here...

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