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They are regional routes T
Correct they hold 49% of Malawian, 45% of the proposed new Zambia Airways and a Management & Strategic Partnership *(though no ownership that I can see) of ASKY Airlines and are also planning on something similar (with ASKY) in Guinea.
It�s Malawi where Ethiopian has the stake then
If Wikipedia is correct it looks like I was wrong and LAM is 91% government owned with the remainder held by staff.
Out of their 15 destinations only 4 are international:
- Dar es Salaam
What ever happened to this route - has it now disappeared completely??
This news is on the front page of the fastjet website already!
Well I would imagine if they let Fjet concentrate on domestic leaving LAM to expand regionally it could be a win win , if LAM benefits so does Ethiopians stake in lam
fjetcrazy, what do you think this'll mean for FJETs route network domestically, and internationally?
Hopefully, they are shielded from the losses that LAM makes?
Also where does this leave Ethiopian as I thought they had a large stake in LAM?
Memorandum of Understanding to explore long-term commercial cooperation. The Memorandum was signed in LAM headquarter in Maputo. The intent of the memorandum includes wide-ranging areas of cooperation expected to significantly enhance commercial aviation in the country.
The memorandum covers code-share and interline agreements between the two carriers, optimized network synergies to accommodate same as well as cooperation on other commercial systems, cargo, engineering and maintenance. LAM chief executive Mr. Pinto commented that the �areas of cooperation will not only further strengthen Mozambique�s flag carrier as a regional air-services provider but contribute significantly to initiatives that promote tourism, economic development and trade.�
�This is an exciting and industry-leading public-private partnership initiative,� adds Mr. Pinto. �It not only supports Mozambique�s greater economic growth objectives in terms of the efficient and affordable movement of people and goods, but also the notion of a longer-term Whole of State Aviation strategy.� Mozambique is a signatory to the Yamoussoukro Decision and one of the early nation-adopters on the Continent.
�The approach to commercial cooperation is the first of its kind on the African continent,� says Fastjet Chief Executive Nico Bezuidenhout. �There is significant opportunity in stimulating not only commercial aviation but also up and downstream economic growth through key cooperative initiatives. Fastjet is committed to exploring and leveraging the agreement to the best-benefit of both companies and, ultimately the people of Mozambique.� The African Development Bank recently reported on a high medium-term growth forecast for Mozambique. �This memorandum of understanding lays the foundation for full economic leverage of a very bright future and fulfilment of the Government of Mozambique�s Whole of State aviation objectives.�
@fastjet to Bulawayo is actually a matter of urgency
He has restated he is ready to serve BULAWAYO so obviously Zcaa is holding this up.
He will be announcing that existing shareholders will be handsomely rewarded before long.
....I wonder what he has to say????
Well, apart from �Politeness� being my middle name, if I was anything less, my post might be reported!
On 15Th March we should see the additional E190 back in service!
Guess we will never know if she was taken out of service as a cost cutting measure during a period of low sales or if she has been receiving required maintenance.
I say this because in the past we have seen a red eye Mwanza and no complaints which leads me to believe the former, interestingly ticket prices out of DAR from the 15Th are half of those for tomorrow.
Marksman you are being VERY POLITE regarding the share price!
I know news of this new award has already been posted last week. But I`m adding this latest - from the ``oldest newspaper publisher`` in Zimbabwe because of its lovely headline!
It`s also good to have evidence that our PR dept is doing a good job publicising the company and such headline-grabbing news might grab the attention of so many of our potential passengers.
One day soon, maybe, we can hope that we might also see some effect on our dismal, languishing share price.
Brilliant, and a full flight