Ethiopian Airlines Group would consider buying a stake in South African Airways — should South Africa decide to sell equity in the struggling state carrier. SAA hasn’t made a profit since 2011 and last week delayed the release of annual earnings due to its precarious financial state. If South Africa asked Ethiopian to buy a stake, “we would consider it,” Tewolde said. Ethiopian is Africa’s biggest aviation success story, with main rivals SAA and Kenya Airways struggling with losses and relying on government support. “If it is not addressed by African carriers — it may become zero.

Source: Ethiopian News October 07, 2019 04:30 UTC