News
Malawi Airlines back on track
Malawi Airlines has plans to resume full operations by mid-June and already has a schedule for June of six flights a week between both Lilongwe and Blantyre and Johannesburg’s OR Tambo.
The airline's two shareholders, the Malawian government, which holds a 51% shareholding and Ethiopian Airlines, which holds 49%, have agreed to recapitalise the central African carrier after its board had already declared the company to be technically insolvent in March this year.
Prior to the COVID-19 pandemic, the carrier was already struggling due to high operating costs and tough competition (according to regional press reports), and the seven-month period of suspended operations due to COVID-19, during which the airline operated no flights and had no revenue, was the mortal blow.
Source: https://www.tourismupdate.co.za/article/malawi-airlines-back-track
