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Ghana inks deal with Ethiopian Airlines for a national carrier

Tuesday, 21 May 2019 15:25
Ghana inks deal with Ethiopian Airlines for a national carrier

(Ecofin Agency) - Ghana has signed a partnership agreement with Ethiopian Airlines to launch a new public airlines company. This was announced by Tewolde Gebremariam (photo), Ethiopian Airlines’ CEO, last week.

The new entity will be 51% owned by Ghana and its private sector while 49% will go to Ethiopian Airlines. In a bid to restrict the government's authority on the new company, Ghana’s stake in it would be later capped at 10%.

Amid African airspaces’ interconnection process, the new operation is aimed at boosting the presence of local airlines in the continental market. Currently, just 20% of the market is served by local firms. “This has to change. It has to be at least fifty-fifty. Till we Africans cooperate and change the diminishing market share of African airlines, there will not be any homegrown airlines after ten years,” Tewolde Gebremariam said.

Moutiou Adjibi Nourou

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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