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Ethiopian Air Selects Congo as theFourth Hub to Tap into China Demand
Ethiopian Airlines’ foreign shareholdings are limited to minority stakes because of ownership restrictions, and Malawi’s government plan to sell a 51 percent holding in Malawi Airlines would involve a transaction with local investors, the CEO said. Right now, Ethiopian Airlines has a 49 percent stake in the carrier.
Ethiopian is also looking at adding 10 to 20 single-aisle planes from Airbus Group (AIR), Boeing Co. (BA) or Bombardier Inc. (BBD/B), and is examining the Boeing 777X and Airbus A350 wide-bodies, the CEO said Jan. 20. Fourteen A350s have already been ordered to swell a 62-strong fleet that features five Boeing 787 Dreamliners.
New destinations under consideration include Los Angeles, Madrid and Jakarta, with Tokyo, Shanghai and Vienna already being added to the network this summer.
Source: Bloomberg News
