Browsing: Zambia Air

Africa’s aviation market set to soar to new heights

Africa is set to become one of the fastest-growing regions for aviation in the next 20 years with an annual expansion of nearly 5 per cent, according to the International Air Transport Association (IATA).

According to the International Air Transport Association (IATA), this growth is being driven by African and international carriers adding more routes on the continent and scaling up their operations by acquiring or getting partnerships with other airlines operating in the region.

Turkish Airlines in the past decade tripled the number of African cities it serves from 18 to 56, while other Middle Eastern, European and Asian airlines, are adding routes as well.

Meanwhile, other African carriers are rushing to raise capital to fund their expansion, by offering to sell stakes in their companies to other airlines on the continent.

Like in 2018 Ethiopian Airline, the continent’s largest airline by revenue and profit signed a deal to …