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The hidden jewel

The hidden jewel

The Sultanante of Oman holds a unique position in the Gulf.
The power behind the throne

The power behind the throne

Francesco Violante, CEO, SITA, explores how technology drives the air transport industry.
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Peter Harbison, executive chairman, CAPA, says growth and turbulence provide excitement – and financial risk – for Asia’s airlines in 2015.
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Zhang Xiuzhi, CEO of Chinese low-cost carrier, Spring Airlines, tells Graham Newton that thinking big comes easily.
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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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