Ethiopian Airlines has signed an agreement with Boeing Capital Corporation (BCC) for the purchase of one MD-11 freighter aircraft. Ethiopian Airlines Chief Operating Officer, Ato Tewolde G. Mariam and Boeing Capital Corporation, Senior Director Mr. Christopher M. Cooked signed the agreement on July 12, 2007.
The MD-11, which at the moment is in a passenger configuration, will soon be converted to freighter with a capacity of 88 tons of cargo. The aircraft will be delivered to Ethiopian in January 2009. Ethiopian is also negotiating for a second converted MD-11 freighter aircraft on lease basis for the delivery at the end of 2009. Ethiopian now owns two 757 freighter aircraft.
Currently, the Ethiopian export market is exhibiting a dramatic annual average growth rate and ET’s total international freight traffic uplift has been increasing at 12.03% annually. The addition of these two freighter aircraft will bolster cargo capacity of the airline supporting the increasing export market of the country.
Ethiopian Cargo provides fast, reliable, safe, competitive air cargo services to/from various points in Europe, Africa, Asia and the Middle East. Ethiopian operates eight times per week Brussels, the Ethiopian cargo hub in Europe; five times a week to Dubai; four times to Djibouti; three times to Mumbai; two times to Lagos; Kinshasa and flies weekly to Bujumbura, N’djamena, Jeddah and Kigali in addition to belly-hold cargo space on scheduled passenger services.
Ethiopian Airlines recently inaugurated a new cargo terminal in line with its strategic plan to make Addis Ababa a cargo regional hub and to meet the expanding cargo operation as well as in response to the growing export market of Ethiopia.
Ethiopian Airlines recently won the 2007 Africa Business Award of The African Times - USA for its significant contributions towards the development of air transport in Africa. In September 2006 it was awarded “African Airline of the Year” for the year 2006 by African Aviation Journal for its financial performance and overall profitability, passenger growth, route network expansion, fleet modernization, in-flight services and over all customer care.
One of the largest airline in Africa, Ethiopian – www.ethiopianairlines.com – made its maiden flight to Cairo on April 08, 1946. With the addition of new flight services to Bahrain, Sana’a, Abu Dhabi, Ethiopian currently provides services to 50 destinations spread around the globe.
African Aviation technology leader, Ethiopian Airline has placed an order for ten 787 Dreamliner – a revolutionary aircraft with unprecedented passenger comfort. The first two of these aircraft will be delivered in September and November of 2008, making Ethiopian the first to operate the 787 in Africa.