Ethiopian Seals Aircraft Acquisition Deal With Boeing


Ethiopian Seals Aircraft Acquisition Deal With Boeing

Ethiopian Airlines has reached an agreement with Boeing for the acquisition of five models of the latter's 777-8 freighter aircraft. The two firms signed a memorandum of understanding last week for the acquisition deal, valued at around 400 million dollars. Each 777-8 aircraft has a carrying capacity of 118tn. Though the figure is similar to the national carrier's 747-700 freighters, the new models are up to 30pc more fuel efficient. Over the second quarter of this year, the Ethiopian Airlines Group secured loans amounting to 283 million dollars from ING Capital, a commercial creditor headquartered in the Netherlands, for the procurement of aircraft. The loans are guaranteed by the Exim Bank of America. Ethiopian Airlines operates flights to 130 international destinations from its hub at Addis Abeba Bole International Airport. The carrier reinstated Boeing's 737-MAX aircraft to its fleet last month after the model was grounded for nearly three years following a crash that claimed 157 lives.


Radar

STREET GROOMING

In Qera, on the new road under construction, the streets are being washed by a crew from a Chinese construction company to clear them of rubbish. At the same time, the road separator is undergoing greening work, with some plants already planted. ...


Radar

PAnEllIng CSO

Ergogie Tesfaye (Phd) (left), minister of Women & social Affairs, gedion Timothewos (centre), Justice minister, and lia Tadesse, health minster, head to the meeting hall of the hilton hotel for the opening of the CsOs Week 2022 programme on June 30, 2022. To be held until July 2, 2022, it included panel discussions on putting local actors at the centre of aid access, gender and peace building. ...


Radar

CAREER EXPO

Participants visit a booth during a career expo being held at an Addis Abeba university campus, among five other universities, on July 1, 2022. hosted by dereja, a career development company, with the Ministry of labour & skills and the Mastercard Foundation, the expos will be held between June and August 2022 with the aim of helping young graduates connect and network with employers. ...