26th June, 2021 14:21:55
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
5 Days, 4 Nights Travel Trip
Welcome to Blissful Goa! A land of golden beaches, rich heritage, thrillin...
8 Days, 7 Nights Travel Trip
Carnoustie Ayurveda & Wellness Resort is an award winning luxury Ayurveda R...
11 Days, 10 Nights Travel Trip
Embark on a memorable journey through Turkey, starting in Istanbul with its...
9 Days, 8 Nights Travel Trip
Embark on a remarkable journey through Turkey, combining history, culture, ...
Stay updated with our latest news!