Ghana's Minister of Aviation, Joseph Kofi Adda, says Ethiopian Airlines (ET, Addis Ababa International) will equip the country's upcoming national airline with four aircraft and will also oversee the running of the airline.
The Graphic news site said Adda told a press conference in Accra on Tuesday, December 11, that the start-up, which has yet to be named, would operate regionally before branching off into the international market. Operations are provisionally set to launch in early 2019, pending the completion of all regulatory requirements.
Ethiopian is expected to own up to 49% of the new airline and the Government of Ghana 10%. The remaining 41% stake will be made available to Ghanaian investors.
Entities such as the Ghana Oil Company Limited (GOIL), the Teachers Fund, GLICO, and Africa World Airlines (AW, Accra) have already expressed an interest in investing in the proposed home-based carrier.
The partnership's exact layout is expected to be announced by the end of the year.
