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Malawi Airlines Limited local staff have started their strike today over pay disparities. These include cabin crew and others from marketing, finance dep
According to The Nation, the carrier is facing liquidation:
“The board of directors of the struggling Malawi Airlines Limited has recommended an “orderly winding up” of the company, saying the airline is technically insolvent.
The resolution to dissolve the company was duly passed on March 25, 2021 by the board in accordance with the memorandum or by-laws and articles of incorporation of the company.”
Unless the two owners inject more capital, the airline is likely to be shut down and liquidated.
Malawi Airlines Limited is the national flag carrier of Malawi. It is a registered partnership company with shareholding between Malawi Government (51%) and Ethiopian Airlines (49%). Malawi Airlines operates Boeing 737-700 and Bombardier Q400 aircraft leased from Ethiopian Airlines with direct flights to regional cities of Johannesburg, Lusaka, Harare and Dar es Salaam, besides domestic flights between Lilongwe and Blantyre.