Malawi Airlines (formerly Malawian Airlines) (Lilongwe) is facing a cash crunch.
According to The Nation, the carrier is facing liquidation:
“The board of directors of the struggling Malawi Airlines Limited has recommended an “orderly winding up” of the company, saying the airline is technically insolvent.
The resolution to dissolve the company was duly passed on March 25, 2021 by the board in accordance with the memorandum or by-laws and articles of incorporation of the company.”
Unless the two owners inject more capital, the airline is likely to be shut down and liquidated.
Malawi Airlines Limited is the national flag carrier of Malawi. It is a registered partnership company with shareholding between Malawi Government (51%) and Ethiopian Airlines (49%). Malawi Airlines operates Boeing 737-700 and Bombardier Q400 aircraft leased from Ethiopian Airlines with direct flights to regional cities of Johannesburg, Lusaka, Harare and Dar es Salaam, besides domestic flights between Lilongwe and Blantyre.
Malawi Airlines was established in July 2013. It was first called Malawian Airlines until September, 2016 when the name changed to Malawi Airlines.
The airline started its operations on January 31, 2014 with domestic flights between Blantyre and Lilongwe. International flights were launched in February 2013 with the Harare route (February 3, 2014) and later Johannesburg route (February 17, 2014), and Dar es Salaam being added on February 18, 2014. On March 29, 2017 Malawi Airlines commenced flights to Nairobi in Kenya.
Top Copyright Photo: Malawian Airlines (Ethiopian Airlines) Boeing 737-860 WL ET-APL (msn 40965) JNB (Rob Finlayson). Image: 924383.