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.


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HOLY REFRESHMENTS

A young deacon baptises an eager crowd at Timket festivities around Janmeda field. Immersion in water represents a rebirth in initiation ceremonies in history. It symbolises the breaking of amniotic fluid (a liquid that surrounds the fetus) during birth, hinting towards a second birth on the planet. Water has had deep sociopolitical significance for Ethiopia as the construction of the Grand Ethiopian Renaissance Dam (GERD) has been proceeding under three Prime Ministers. Exeeding the initial bud...


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BARKING SPOT

On a scorching hot afternoon, a pack of stray dogs take shade under a tree on Debrezeit road. A third of Ethiopia's landmass was reported to be covered in trees in the 19th century, deforestation has put that number at around 10pc. Emperor Minelik II was the first leader of Ethiopia to engage in reforestation as he imported the Australian Eucalyptus in 1895. Prime Minister Abiy Ahmed (PhD) also is enamoured by lush greenery to the degree he launched the Green Legacy Initiative three years ago...


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GREEN GLAZE

A street vendor sells fresh-cut grass around Kera for the holiday season. Most households embellish the holiday atmosphere at home, by spraying 'Qetema' in the house. A green glaze is expanding across the capital, with a new public park being announced every few months. Lemi Park in the recently formed Lemi Kura sub-city is the latest of these projects scheduled for a 10 months construction period. Friendship and Entoto parks, with the Prime Minister Office overseeing the construction, have beco...