Ethiopian, Collins Team Up for Maintenance Service

Jun 22 , 2019


[ssba-buttons]

Ethiopian Airlines and Collins Aerospace signed a partnership agreement covering maintenance of the US manufacturer’s air management systems, heat exchangers and fuel metering units on De Havilland Canada Q400 turboprops. Group CEO of Ethiopian Airlines Tewolde Gebremariam signed the 25-year deal valued at 500 million dollars at the Paris air show. Ethiopian will establish third-party component maintenance capabilities under an aftermarket support agreement with Collins Aerospace. Ethiopian’s technical division will repair the components for its Q400 fleet and support the equipment for other African operators on Collins Aerospace’s behalf, said the manufacturer’s aftermarket services president, Ajay Agrawal, in an interview with Flightglobal. Cerium’s Fleets Analyzer shows that Ethiopian has 18 Q400s in service and has orders for another 10.


Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...