New national carrier for Malawi

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According to Nyasa Times, Malawi Airline Limited will be run in partnership with Ethiopian Airlines.

Malawi Airline Limited replaces Air Malawi, after the national carrier failed for years to turn a profit. It struggled with flight delays, cancellations and suspensions, and was finally disbanded earlier this year.

In a deal to get a new national carrier in the air, servicing local, regional and international routes, Ethiopian bought a 49% stake in the new Malawi Airline, adding two planes to the fleet.

Of the Malawian Government’s 51% shareholding, 31% will be given to Malawian citizens interested in being part of the company.

To pay off some debts, liquidators for Air Malawi are selling three planes to interested parties.

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