THE long-awaited national airline has finally been incorporated and will operate as Zambia Airways 2014 Limited, which will be a successor of the defunct Zambia Airways.
Zambia Airways was liquidated in 1994 and since then, the Zambia has had no national airline.
Ministry of Transport and Communications Permanent Secretary Mbololwa Muyaba confirmed the establishment and incorporation of the new airline in an interview in Lusaka yesterday.
“We have established the company dubbed Zambia Airways 2014 Limited and it has been registered with PACRA (Patents and Companies Registration Agency),” Ms Muyaba said.
She could, however, not give further details and indicated that the ministry was still awaiting approval from Cabinet.
According to records at PARCA, the company which has three directors, was incorporated on July 23, 2015 and was registered with PACRA by the Ministry of Finance.
PACRA records confirmed that the company was incorporated in July 2015, with nominal capital of K5,000 and the total number of shares is 5,000.
The names of directors appearing in the firm’s record of incorporation are Secretary to the Treasury Fredson Yamba, Works and Supply, Permanent Secretary Charles Sipanje and Finance Permanent Secretary Pamela Kabamba.
Formation of the national flag carrier is expected to boost the Zambian tourism sector because tourists will find it easier to fly direct to Zambia.
According to Chief Government Spokesperson Chishimba Kambwili, Government is targeting the end of next year for the new airline to become operational.
Mr Kambwili said this in an interview recently.
Government had put up modalities for establishment of the national airline and was currently in talks with suppliers of the planes.
“We are talking to suppliers of the airplanes on the purchase of aeroplanes as reflected in the 2016 budget so that by the end of next year, the company is fully operational,” Mr Kambwili said.
In the 2016 national Budget, Government has allocated K498.4 million for the expansion of the Kenneth Kaunda International Airport in Lusaka and the establishment of a national airline.
Recently, National Airline Project lead consultant Weston Mapani said Zambia’s national airline is set to be registered once government appointed a board of directors.
Mr Mapani said all was set for the re-establishment of the Zambia national airline except for the registration of the company and the availability of operational funds amounting to US$300 million.
Mr Mapani said the move would enable the country to increase foreign exchange earnings through Non-Traditional Exports (NTEs).