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Liquidation of Air Malawi Was Cover-up to Mass Fraud


Liquidation of Air Malawi Was Cover-up to Mass Fraud
Published 3 months ago
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We are not shocked as you are with revelations that Malawi Airlines has posted Zero Profits in five years but, at the same time, paid over K41 billion for Aircraft sub leases, management fees and other payments to its strategic partner Ethiopian Airlines.
We are not shocked because we know that the liquidation of Air Malawi was all a cover-up to mass fraud and corruption that grounded what was once Africa’s Friendliest Airline.
The liquidation which saw Ethiopian Airline claiming a 49% stake in our Airline and we retained a 51%, was all a hoax as it did not address the fundamental reasons why Air Malawi, suddenly got grounded. ....

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