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Browsing: Ethiopian Airline
The government introduced a five-year zero profit tax policy for new investments in the hospitality sector which is expected to encourage private sector investment.
According to the study, the development of world-class tourism facilities is expected to lead to job creation and boost tourism earnings.…
South African Airways (SAA)—one of Africa’s largest carrier has just proposed to the south African government a $ 1.2 billion bailout assist debt settlement and resume flying as the second-largest economy anticipates to reopen the economy.
The fresh plan has received mixed feelings as Public Enterprises Minister Pravin Gordhan powerfully disapproved to that plan, and announced his ambitions for the creation of a new airline at the start of the month.
While on Sunday, President Cyril Ramaphosa restated the government’s purpose to revive SAA, according to information from Bloomberg News.
As the Ethiopian Airlines CEO Tewolde Gebremariam assures the world of a decent return for African planes, “here in Africa we expect to be slightly faster in recovery,” Gebremariam said in an interview with Bloomberg, SAA administrators eye a massive return.
According to information from Bloomberg News, the plan includes about 977 million rands that will go toward repaying South …