Sometime in April 2021, Africa’s most rated airline, Ethiopian Airlines approached Air Peace to enter a deal that would allow it merge its operations with the local airline and pay millions of dollars monthly in royalty to its owner.
The negotiation took Allen Onyema, the Chairman and Chief Executive Officer of Air Peace and his team to Addis Ababa to sign a Memorandum of Understanding. At the point, Onyema and his team did not have full understanding of the conditions of the contract.