Ethiopian Airlines takes charge of five African companies

Ethiopian Airlines pushes its advantage. According to its general director Tewolde GebreMariam, the limited liability company has become the first in Africa. Good for his 2025 plan that has set this goal. he claims that he carried 10.6 million passengers during the closed year 2017 – 2018 on 8 July. It announced on Wednesday the acquisition of shares in four of its competitors on the continent and the management of a fifth.

Ethiopian Airlines has entered into agreements guaranteeing that it acquires 49% of the shares of the national companies of Guinea and Chad and 45% of Zambia Airways. She created a company in Mozambique that she fully owns and started managing Equatorial Guinea Airline, Tewolde GebreMariam told AFP.

" Guinea Airlines will soon prepare for flights to countries in the region. Chadian Airlines goes into service on 1st October. Mozambique Airlines will be operational by the end of the year. And at the request of the Equatorial Guinean president Teodoro Obiang (Nguema), Ethiopian Airlines took over the entire management of the national airline of his country He said.

For the leader, Ethiopian Airlines is open to exchanges of shares with African partners for a " African company And promoting pan-Africanism, in line with the goals of the African Union (AU) to promote continental integration.

Hub between Asia and Africa

The airline is an illustration of the economic miracle that Ethiopia is experiencing. Although growth has come to a standstill, it has already dropped more than 10% from 2004 to 2014. It has dropped but is still at 8%. And the new leader of the country, Abiy Ahmed, maintains the flame by opening the country even more to foreign investors. Privatizations are provided. The opening of the capital of large public groups – including Ethiopian Airlines – is mentioned. The new prime minister aims to reduce ethnic tensions in recent months.

The ruling power has supported Ethiopian Airlines for years and does not pay dividends on the results. The airline has made Addis Ababa airport a hub between Asia and Africa. China increases investment in the country. More than one billion has been injected into infrastructure that is reminiscent of "Liberation". For example, the Chinese have built the new tram line of the capital and the railroad between the capital and the port of Djibouti, the natural outlet of Ethiopia, deprived of the coast by the independence of Eritrea. Power has multiplied schools and universities.

Ethiopian Airlines also owes its leadership in Africa to the erratic management of South African Airways and the impact of terrorism on Kenya Airways. "Ethiopian Airlines is floating above its colleagues," was already writing the "Financial Times" in 2016. At the end of June 2015, the company recorded a gain of $ 148 million. The number rose to 221 million in 2016.

Philippe Bertrand

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