Ethiopian, Boeing Seal Freighter Deal

May 28 , 2022


The Ethiopian Airlines Group has ordered five Boeing 777 freighters. The state carrier looks to add the aircraft to its fleet of nine 777 freighters assigned to its network of 66 cargo centres across four continents. The planes have a payload capacity of 107tn. Ethiopian operates three 737-800 converted freighters, as well as a passenger fleet comprising more than 80 Boeing jets. The agreement comes following the appointment of Mesfin Tassew as chief executive officer (CEO) of the Group two months ago. He replaced Tewolde Gebremariam, who made an “early retirement” after managing the carrier for 11 years. The Group has been expanding the Ethiopian Cargo & Logistics Services, its cargo operations wing, in the wake of the COVID-19 pandemic, which presented serious disruptions to passenger flights. It carried 500,000tn of freight and 5.5 million passengers through Addis Abeba Bole International Airport, its main hub, in 2020. It has also been involved in transporting COVID-19 vaccines, ferrying over 50 million doses to 28 countries last year.


Radar

Historic Africa Hall's $57 million Renovation Eyes Tourists

The iconic Africa Hall, where the leaders of 32 African nations gathered in 1963 to establish the Organization of African Unity (OAU), the precursor to today's African Union (AU) was inaugurated after comprehensive renovation works at a cost of 57 million dollars. Initially designed by Arturo Mezzèdimi, a young self-taught architect, and constructed by Luigi Varnero to serve as the UN's continental headquarters, the hall now looks set to open to the public and add to Addis Abeba's touristic pro...


Radar

Investment Holdings Backs Electric Mobility with Battery Swap Stations

Ethiopian Investment Holdings has made its second joint venture with an electric mobility startup company to avail 100 battery swap stations in Addis Abeba within a year and expand to 300 stations over the next three years. The company, Dodai, plans to offer e-motor riders to quickly exchange depleted batteries for fully charged ones, lowering downtime and is expected to create 100,000 jobs for the youth. Brook Taye (PhD), CEO of EIH and Yuma Sasaki, founder and CEO of Dodai signed a Memorandum...


Radar

Expo Looks to Enhance Underdeveloped Agri Subsectors

A three-day agricultural exhibition assembling stakeholders from the poultry, aquaculture, apiculture, and livestock is set to kick off at Millenium Hall on Airport Road. Organised by Prana Events, the exhibition aims to promote commercial production, increase productivity and enhance the use of technology across the agricultural subsectors by bringing international and local traders together. Over 1,000 exhibitors from 14 countries are expected to attend the event. Nebiyu Lemma, managing direct...


Back
WhatsApp
Telegram
Email