Ethiopian becomes strategic partner of Malawi Airlines

Updated 17 July 2013
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Ethiopian becomes strategic partner of Malawi Airlines

Ethiopian Airlines, described as the fastest growing airline in Africa, announced that it has become the “strategic partner” of the new Malawian airline with 49 percent equity shareholding.
The remaining 51 percent of the shares will be held by the Malawian government and private investors.
The shareholder agreement for Malawi Airlines was signed between Cornelius Mwalwanda, Malawi’s deputy minister of finance, and Ato Tewolde Gebremariam, CEO of Ethiopian in Lilongwe on July 11.
This new partnership with Malawi Airlines is part of Ethiopian Vision 2025 strategic roadmap of setting up multiple hubs in Africa.
Through this strategic partnership with Malawian Air, Lilongwe will become Ethiopian’s third hub on the continent after its main hub in Addis Ababa and its West Africa in Lomee.
“The new agreement we have just signed with the government of Malawi is a model for the type of African cooperation that is needed in the 21st century. It is a win-win partnership aimed at enabling the success of African aviation in a capital intensive, skill-driven and highly competitive industry,” the Ethiopian Airlines stated.
Today, Africa is booming and, with the economic growth of the continent, demand for air travel is also growing at a much faster pace than the global average.
This growing demand and the uneven competition from foreign carriers, which currently dominate the African market, cannot be overcome by one single African airline.
For indigenous African airlines to succeed and get their fare share of the market, partnerships between African airlines are a must, said Ethiopian Airlines, which is first and foremost a Pan-African airline serving Africa in good and bad times for close to seven decades bringing Africa together and closer to the world.


Genesis G70 arrives in the Middle East

Updated 19 April 2018
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Genesis G70 arrives in the Middle East

Genesis has officially launched its compact G70 luxury sedan in Middle East markets, completing the brand’s core sedan lineup. Engineered as a dynamic car with strong appeal to younger customers and more enthusiastic drivers, the G70 joins the flagship G90 large sedan and mid-sized G80 and G80 Sport.

“Genesis has been very well received in the Middle East, and the Genesis G70 will be an exciting new chapter in our story,” said Altar Yilmaz, Genesis general manager for the Africa and Middle East region. “For many of our potential customers, this is the Genesis they have been waiting for.”

The arrival of the Genesis G70 in showrooms follows a previous display presentation at the Dubai International Motor Show in November 2017, where Genesis fielded a large number of inquiries about the car. With larger G80 and G90 models already growing a strong base of loyal customers, it is expected the compact model will add significantly to the brand’s appeal in the competitive Middle East luxury car market.

The G70 showcases the future direction of the Genesis brand’s “Athletic Elegance” design identity. 

“The G70’s interior is configured to prioritize an excellent user experience, with superb fit and finish throughout. The interior packaging reflects simplicity, with an emphasis on genuine functionality instead of gimmickry. A horizontal layout brings a sense of stability, with an intuitively laid-out switchgear and a comfortable, assertive sport steering wheel,” the carmaker said.

The G70 offers two powertrains in the Middle East region — a 3.3-liter V6 petrol turbo and 2.0-liter I4 petrol turbo.  The Lambda II 3.3-liter V6 turbo GDI engine is the heart of the enthusiast-focused G70 Sport, with 370 ps and maximum torque of 52.0 kg.m (510 N.m) 0 to 100 km/h acceleration in 4.7 seconds, and a top speed of 270 km/h.