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Etihad and Jet reinforce long-term commitment

Etihad and Jet reinforce long-term commitment

Etihad Airways and Jet Airways have outlined plans to further grow India’s economy and aviation industry.
Flybe spreads its wings with five new routes

Flybe spreads its wings with five new routes

Regional airline, Flybe has strengthened UK connectivity with an enhanced schedule and two additional European destinations.
Virgin improve services between Brisbane and LA

Virgin improve services between Brisbane and LA

Virgin Australia is to start flying daily return services between the two cities from October 26.
Copa widens destination network from Panama

Copa widens destination network from Panama

Copa Airlines has launched new non-stop flights to Georgetown and Fort Lauderdale.
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Malawian Airlines ready to launch

News Friday, 12 July 2013 16:12 Written by 

Malawi and Ethiopian Airlines have signed an agreement to get a new carrier flying after the collapse of the national carrier, Air Malawi.

Ethiopian Airlines will have a 49% stake in the new airline, with the government making 31% available to Malawian investors and holding the remaining 20%, according to media reports.

 

Air Malawi halted its flights in February after entering voluntary liquidation last year.

 

The carrier flew to Dar es Salaam, Harare, Johannesburg OR Tambo, Lilongwe and Lusaka from a main base at Chileka International Airport (BLZ) at Blantyre.

 

In February, Ethiopian Airlines was declared the "preferred bidder" by Malawi’s Private Public Partnership Commission (PPPC) as a strategic equity partner for a restructured national airline.

 

At a press conference to announce the deal with Ethiopian Airlines, Jimmy Lipunga, CEO of the PPPC, reportedly said the government would invest $20m into the company.

 

Air Malawi’s fleet - a B737-300, a B737-500 and an ATR 42-300 - is now on the market to help clear the company debts, according to media reports.

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