Ethiopian Airbus Arrives at Domodedovo

Apr 30 , 2021


[ssba-buttons]

Ethiopian Airlines' A350 aircraft first flight to Russia was met at Moscow Domodedovo Airport, the only airport in the country that serves this type of aircraft on a regular basis. Located 42 kilometres from the centre of Moscow, it is one of Russia's four major airports and the eighth busiest airport in Europe, serving over 30 million passengers a year. The A350-900, the most modern Airbus aircraft that accommodates more than 300 passengers, made its maiden flight on the direct route from Addis Abeba to Moscow. The carrier operates regular flights on Tuesdays, Thursdays and Saturdays. Improved noise insulation, an increased humidity level, intelligent cabin lighting, and a personalised entertainment system are features of the Airbus 350. For business class travelers, additional comfort is provided by fully reclining chairs and enlarged monitors. Domodedovo and Ethiopian Airlines have been cooperating since 2018. During this time, the companies transported more than 37 thousand passengers. Since January 2021, the carrier has restored its flight frequency to the levels it operated in 2019, prior to the Novel Coronavirus (COVID-19) pandemic.


Radar

EthSwitch Sees Record Profit, Expands Digital Payment Reach

EthSwitch, the national switch operator, reported a record 1.4 billion Br gross profit for the fiscal year ending June 2025, a 34pc increase from last year's 1.06 billion Br. The performance was driven by a sharp rise in interoperable transactions, reflecting the country's growing embrace of digital payments. Person-to-person (P2P) transfers led revenue generation with 902.6 million Br, nearly half of total income, followed by ATM transactions contributing 825.1 million Br. Overall revenue cl...


Radar

Lion Bank Delivers Robust Results, Rewarding Shareholders

Lion International Bank S.C. posted a profit before tax of 1.8 billion Br for the last fiscal year, marking a 94pc surge from the previous year. The announcement was made during the bank's General Assembly held last week at the Sheraton Addis Hotel. After provisions and taxes, the bank registered a net profit exceeding 900 million Br, with shareholders earning 27pc per share. Deposits climbed by 23pc to 44 billion Br, up from 35.6 billion Br, while total loans and advances reached 36.2 billio...


Radar

Berhan Bank Lifts Earnings as Reforms Ease Forex Strain

Berhan Bank reported a 28.1pc growth in its latest fiscal year, buoyed by economic reforms and relaxed forex directives. The Bank's total deposits climbed to 44.5 billion Br by June 30, 2025, up 7.6 billion Br from the previous year. Net profit distributed to shareholders rose by 36pc, while total income reached 10.3 billion Br, marking a 61.4pc increase. Interest income accounted for nearly 59pc of total earnings, driven largely by the repeal of the National Bank's 70pc forex surrender rule...