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Ethiopian Airlines Group CEO confirms the end of talks between Governement of Rwanda and Ethiopia Airlines about RwandAir stake acquisition

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11/05/2019

 

 

Ethiopian Airlines, RwandAir and the Governement of Rwanda, were quiet since many month about the RwandAir stake acquisition. The Ethiopa Reporter, published an article today, where it says, that Ethiopian Airlines and Governement of Rwanda have ended talks about the RwandAir stake acquisition. Technical service and code share agreements btw RwandAir & Ethiopia are not impacted.

 

In 2015 Ethiopian Airlines and RwandAir signed strategic partnership agreement that enables the two carriers to cooperate in various fields including stake acquisition. However, the strategic partnership agreement did not materialize.

 

“That agreement did not take off. I was not with RwandAir when the agreement was signed and I do not know why it did not take off,” she said.  

 

Ethiopian Airlines Group CEO Tewolde Gebremariam previously told The Reporter that the government of Rwanda has changed its mind on the strategic partnership agreement. “I think they have decided that RwandAir should grow by itself,” Tewolde said.    

 

 

Few weeks, during the visit His Highness the Amir Sheikh Tamim bin Hamad al-Thani, Rwanda and Qatar sign aviation deal, including one between Qatar Airways and  Aviation, Travel and Logistics Limited Rwanda.

 

 

Created in 2015, Aviation, Travel and Logistics Limited Rwanda has 5 subsidiaries: RwandAir, the National Logistic Company; Hospitality and Travel  Management Limited, the Rwanda Airports Management Limited, and Akagera  Aviation. Is this agreement clould lead to a RwandAir stake acquisation by Qatar Airways ?


 

 

 

Ethiopian Airlines to become the RwanndAir strategic partner ?

 

 

30/01/2016

 

According to the Reporter (Ethiopian Newpaper), Ethiopian Airlines has confirmed that they will become the RwandAir strategic partner.

 

A RwandAir delegation led by Girma Wake, included John Mirenge the CEO, Jean Paul Nyirubutama Deputy CEO and COO,  and a advisor from MININFRA was in Addis Ababa 2 weeks ago.

 

Others meetings will take place at Addis Ababa, to finalize the agreement.

 

http://thereporterethiopia.com/content/rwandair-selects-ethiopian-strategic-partner#.VqzDCBzIlTo.twitter

 


 

 

27/12/2015

 

 

According to the reporter Ethiopia, Ethiopian should become the future strategic partner for RwandAir. Final decision will be made in early 2016

 

http://thereporterethiopia.com/content/ethiopian-partner-rwandair

 

 


 

 

 

Ethiopian Airlines sets to buy stakes into RwandAir ?

 

03/01/2015

 

Informations coming from Addis Ababa, said that Ethiopian Airlines has shown its interest to become a new strategic partner for RwandAir.

 

 

The Reporter says, that an Ethiopian Airlines delegation meet both RwandAir management board and members of the Rwandan Governement to talk about the possibilty to buy stakes into RwandAir.

 

Despite to be not profitbale, RwandAir grown very quickly since 5 years, with the arrival of brand new aircraft but also with the opening of new destinations.

 

In 2015, RwandAir plans to add another Dash Q400NG and to open new routes to Lusaka, Abidjan, Luanda or Mumbai. By 2017, the airline hopes to add two Boeing 787s and thus to start new routes to China and Europe.

 

Altough the Governement of Rwanda has injected lots of  money into RwandAir, this latter has always wanted to privatize the airline. A first attempt was made in 2007, but it failed.

 

 

Authorites have  understood, that it was too early. The Governement of Rwanda has hired Ernst & Young and received some help from Luftnansa Consulting and Turkish Airlines. Accordings to projections, the airline could be break even in 2016.

 

Despite its dramatic growth, RwandAir needs a big partner to expand its wings across the Africa and the rest of the world. Ethiopian Airlines could be a good partner, the sucess of Asky and Malawian is a good proof.

 

Furthermore, Ethiopian Airlines and RwandAir have already strong ties. The commercial Director and the Chairman come from  Ethiopian Airlines. Both airlines have signed agreements about maintenance and training.



03/01/2015
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