Feb 25 , 2023
Private companies looking to invest in air transportation, infrastructure and management have an opportunity that opened up after the Ethiopian Civil Aviation Authority calls for interested partners officiating the directive put forth in September. The Authority has set a directive enabling private investors and regional states to participate in the Aviation sector. Getachew Mengiste, CEO of the Authority said the new directive allows private investors and regional states to build airstrips and heliports independently. Airport facilities have paramount significance in ensuring the overall development of the aviation industry. Misrak Tilahun, aviation regulator and acting deputy of the Authority said eight companies have shown interest, including Red Star Aviation, under the significant shareholder Worku Aytenew, which has already started construction in Dire Dewa City and Sebeta town in Oromia Regional State. According to Misrak, four of the 22 airports meet international standards.
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