Ethiopia to liberalize the domestic airspace

Ethiopia to liberalize the domestic airspace

• Business
• January 25, 2023

The federal government has planned to end protection over the domestic aviation sector and allow foreign investors to participate, according to the draft document of the second Homegrown Economic Reform.

So far, the domestic aviation sector has been allowed to be operated only by local investors. Ethiopian Airlines has been the leading market player.

Despite the fact that an Ethiopian investment regulation ratified two years ago states that the domestic aviation sector is reserved exclusively for joint investment by foreign and local investors, implementation has yet to occur.

Getachew Mengiste, director general of the Ethiopian Civil Aviation Authority, said interested foreign investors are currently approaching the authority and are in the process of investing in the local aviation industry.

The government has also lifted the seat limit for domestic aircraft.

Source: The Reporter