Category Archives: Zambia Airways

Joint statement at the signing of the shareholders agreement between the Industrial Development Corporation and Ethiopian Airlines for the establishment of a new Zambia Airways

We, the Group Chief Execntive Officer of the Industrial Development Corporation (IDC), Mr. Mateyo C. Kaluba, and the Group Chief Execntive Officer of Ethiopian Airlines (ET), Mr. Tewolde Gebremariam, held a signing ceremony on August 19, 2018 in Lusaka to mark our agreement as Shareholders of Zambia Airways.

As strategic equity partners on the national airline project of Zambia, IDC will hold 55% equity in the carrier, with Ethiopian Airlines holding 45%. The initial investment as we start-up the national carrier will be US$30 million. Obviously as we operate the airline, we will facilitate the financing necessary to support its growth. It iS expected that the new airline will operate 12 aircrafts and carry over 1.9 million passengers by 2028.

As Shareholders, we have a clear sense of the direction we need to take in order to ensure the fortunes and secure growth of the national airline. We will instill a performance-driven culture through strong corporate governance structures and make Zambia Airways commercially viable.

Zambia Airways will launch local and regional routes while the intercontinental routes including Europe, the Middle East and Asian will be added in the near future.

For Ethiopian Airlines this investment is consistent with our Vision 2025 Multiple Hubs Strategy in Africa. As an indigenous and truly Pan-African airline we believe that African carriers will only get their fair share of the aviation industry and African market through partnerships with other African carriers.

For IDC this investment represents our commitment to deepening and strengthening Zambia’s industrialization. The establishment of the national airline will Spur growth in the tourism sector and will have significant multiplier effect on job creation through the different businesses in the aviation supply chain such as hotels, restaurants, travel agencies, publisher and others.

With the Zambian Government’s drive to build transportation infrastructure from the new airports, good road networks, and now the airline, we are confident that Zambia is destined to become Southern Africa’s regional aviation and logistics hub.

We look forward to growing this partnership from strength to strength and seeing Zambia Airways take to the skies this year.

Note: The launch of the new version has been deferred to January 1, 2019.

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Ethiopian to help to re-launch Zambia Airways

Ethiopian Airlines Bombardier DHC-8-402 (Q400) ET-ARM (msn 4472) FAB (SPA). Image: 931591.

Ethiopian Airlines (above), the largest Aviation Group in Africa and SKYTRAX certified Four Star Global Airline, has announced that it has finalized shareholders agreement with the Government of Zambia for the re-launch of Zambia Airways.

Copyright Photo Above: Ethiopian Airlines Bombardier DHC-8-402 (Q400) ET-ARM (msn 4472) FAB (SPA). Image: 931591.

Above: The logo of the first Zambia Airways.

The Government of Zambia will be the majority shareholder with 55% and Ethiopian will have 45% stakes in the airline.

Mr. Tewolde Gebremariam, Group CEO of Ethiopian Airlines remarked: “In line with our Vision 2025 multiple hubs strategy in Africa, we are very happy that the discussions with the Zambian government have been crowned with success.

The launching of Zambia Airways will enable the travelling public in Zambia and the Southern African region to enjoy greater connectivity options, thereby facilitating the flow of investment, trade and tourism, and contributing to the socioeconomic growth of the country and the region. As an indigenous and truly Pan-African airline, we firmly believe that it is only through partnerships among African carriers that the aviation industry of the continent will be able to get its fair share of the African market, currently heavily skewed in favor of non-African airlines, and play its rightful role in availing efficient air connectivity within Africa as well as with the rest of the world. ” The airline is meant to initially serve national and regional destinations before embarking on international flights.

The Government of Zambia will be the majority shareholder with 55% and Ethiopian will hold 45% in the airline. The establishment of multiple hubs in Africa being an overarching strategy of Ethiopian under its Vision 2025, the national flag carrier currently operates hubs in Lomé (Togo) with ASKY Airlines and Malawian in Lilongwe (Malawi).

The first version of Zambia Airways operated from 1964 to 1967.

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Above Copyright Photo: Zambia Airways McDonnell Douglas DC-10-30 N3016Z (msn 48266) ORY (Christian Volpati). Image: 920872.

Zambia Airways aircraftv slide show:

The company was reorganized and restarted as the second version in 1968 and operated through 1995 (above).

There was also a Zambian Airways which operated from 1999 to 2009 (below).

Copyright Photo: Zambian Airways Boeing 737-244 9J-JCN (msn 22588) JNB (Rob Finlayson). Image: 924351.

Airline Color Scheme - Introduced 1999