Centre for Democracy and Economic Development Initiatives (Cdedi) officials have written Attorney General Thabo Chakaka-Nyirenda demanding forensic audit operations of Malawi Airlines. Under the agreement, Malawi Government has 49 percent stakes in Malawi Airlines while the Ethiopian Airlines (ET) has 51 percent shareholding. “This systematic ‘anomaly’ allows Ethiopian Airlines to receive all air ticket money realised from travel agents across the globe who sale tickets on behalf of Malawian Airlines. “Consequently, Malawi Airlines does not have any idea the amount realised on a monthly basis,” reads the letter. According to Cdedi, another interesting aspect of the contract is that all aircraft belong to Ethiopian Airlines and operate as Malawi Airlines on lease, meaning in the event there is termination of contract Malawi will be left without any aircraft.

Source: Ethiopian News January 14, 2024 11:14 UTC