The management of Ethiopian Airlines is finalizing negotiations with the Government of South Sudan to establish a new regional airline in Juba, which will serve as a flag carrier for the newly-born African nation.
In a report by http://allafrica.com/ on 29 November, Ethiopian Airlines will hold a 49 percent stake on the new start-up airline while the Government of South Sudan will own the majority 51 percent share.
A senior official of Ethiopian told The Reporters that they started the negotiation early this year and hope to finalize and sign the deal next month.
At the initial stage the start-up airline will operate scheduled domestic flights in South Sudan and regional flights to neighboring countries, including Ethiopia, Kenya and Uganda.
It said Ethiopian will deploy senior staff members to manage the start-up airline and empower South Sudanese staff who will take over the management of the airline in due course.
The management of Ethiopian anticipates partnering with the Government of the Democratic Republic of Congo to establish another regional airline in Central Africa.