Lusaka, 9th August 2021 – The Industrial Development Corporation (IDC) has commended the Zambia Airways Board for announcing 30th September 2021 as the date for commercial operationalization of the National Carrier.
IDC Group CEO, Mr. Mateyo Kaluba, said the operationalization of the National carrier will play a catalytic role in reviving the tourism industry which has been negatively impacted by the COVID-19 global pandemic.
Mr. Kaluba further commended the Board, Management and staff of Zambia Airways on the attainment of the key milestone and for the professional manner in which they have managed the fulfillment of regulatory requirements that were a pre-requisite to the launch date of the National carrier.
Mr. Kaluba reiterated the Shareholders quest to ensure that the Airline operates as a commercial enterprise so as to achieve viability and return on investment.
“I strongly urge the Board and management to manage the airline in accordance with international best practice. They have the responsibility to make Zambia Airways an airline that will bring pride and jobs to the Zambian people”.
Mr. Kaluba was confident Zambia Airways would soar to greater heights as it leverages on the newly commissioned Kenneth Kaunda International Airport in Lusaka and Simon Mwansa Kapwepewe Airport in Ndola.
Ends
Issued by (original signed)
Namakau Mukelabai
Head of Corporate Communication
Industrial Development Corporation
Note to Editor: The IDC is an investment holding company owned by the Government. It has the dual mandate to maximum its long-term shareholder value in its subsidiaries and also invest in key sectors of the economy.
On 19th August 2018, the IDC and Ethiopian Airlines held a signing ceremony in Lusaka to mark the agreement as shareholders of Zambia Airways.
As strategic partners on the national airline project, IDC will hold a 55% equity in the carrier, with Ethiopian Airlines holding 45%.
Zambia Airways will launch with local and regional routes.