The airline is fully owned by the government of Ethiopia. State backing is a prerequisite for a major national enterprise with long term goals, such as an airline. Note, however, that we do not get any funding or subsidies from the government. Ethiopian is managed with its own corporate finance.
The government, however, forfeits her dividends and allows us to reinvest the profits in the airline. We would have loved to float shares to raise capital like our competitors do, but Ethiopia Airlines does not have a capital market yet.
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