English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

“Another year of profitable growth” for Ethiopian

ADDIS ABABA: January 05, 2017. Ethiopian Airlines is to begin flying three times a week with a B787-800 to Chengdu from June 03, 2017. In 1973 the airline became the first African carrier and the fourth in the world to operate to China. Currently it flies daily to Beijing, 10 times a week to Guangzhou and six times to Hong Kong.

Chengdu is a major hub for Air China and the flight is designed to link Ethiopian's Africa network via its "Chinese-friendly" hub at Addis Ababa to Shenzhen, Kunming, Hangzhou, Xiamen, Wuhan, Changsha, and Urumqi.

Ethiopian A350 2The new service follows "another year of fast and profitable growth" despite an exceptionally challenging year for the African Aviation industry, according to airline CEO Tewolde GebreMariam:

"Commodity exporting countries in general and oil exporting African countries in particular have been hit hard by the global decline of commodity prices. As a result, demand for air travel has been suppressed and the shortage of foreign exchange has severely affected the financial performance of airlines in the continent," he explained.

Although volatile on a monthly basis, African carriers' international traffic held on to the gains seen during Q3 said IATA, with annual growth in international FTKs rising 12.8 percent in November.

IATA noted that capacity continued to grow "far faster" than demand, driven by rapid long-haul expansion "particularly by Ethiopian Airlines". As a result Africa airlines' overall international load factor fell in November for the 19th consecutive month to an all-time low of just 26.1 percent.

In 2016 Ethiopian celebrated its 70th anniversary with the introduction of the first of 14 A350s (right) plus new services to the Comoros Islands, Windhoek (Namibia) and Newark, NJ. The airline also nearly completed its new US$150 million cargo terminal due to open in April this year with the capacity to handle eight B747-8 freighters simultaneously and an annual throughput of 1.2 million tonnes.

Ethiopian remains Africa's largest indigenous cargo carrier with a fleet of six B777-200 and two B757-260 freighters serving 36 points in Asia and EMEA. The airline said its average daily uplift last year was 650 tons on freighter aircraft plus an additional 150 tons on passenger flights to 90 destinations worldwide.

The new cargo terminal is part of the airline's 'Vision 2025', supporting a planned operation of 18 all-cargo aircraft serving 47 cities linking Asia with Africa and Europe as an alternate hub to the Gulf: "Despite the sluggish growth in the world's matured market, all of our 12,000 colleagues remained focused on the robust execution of our vision 2025, which has proved to be a winning strategy in today's hyper-competitive and complex airline business," said GebreMariam.

Ethiopian Airlines will add another destination to its network from March 28, 2017 when it begins flying three times a week from Addis Ababa to Antananarivo, the capital of Madagascar. 

More News

Written on 20/02/2018, 16:14
first-of-four-b777s-delivered-to-ukraine-international-airlinesKIEV: February 20, 2018. Ukraine International Airlines (UIA) has taken delivery of its first B777-200 aircraft from lessor AerCap to replace B767-300s on...
Written on 19/02/2018, 22:11
southwest-to-launch-international-air-cargo-servicesLOVE FIELD, TX: February 19, 2018. Southwest Airlines is to begin international airfreight services in May to Mexico City, Cancun, Cabo San Lucas/Los...
Written on 19/02/2018, 16:40
freightweek-news-update-week-08MILAN: February 20, 2018. Meridiana, Italy's long established privately-owned airline, has been renamed Air Italy following the acquisition by Qatar...
Written on 18/02/2018, 00:45
air-france-klm-keep-a-hand-in-shaping-the-gameAMSTELVEEN/PARIS: February 16, 2018. The Air France KLM Group has reported a 6.8 percent rise in Q4 2017 cargo revenue to €583 million and €2.087 billion...
Written on 16/02/2018, 21:46
swiss-tv-goes-live-in-south-korea-with-natcoZURICH/ PYEONGCHANG, South Korea: February 16, 2018. Project logistics specialist Natco AG, part of the British TransGlobal Group, has delivered all the...
Written on 15/02/2018, 18:15
ryder-opens-u-s-mexico-border-facilityMIAMI: February 14, 2018. Ryder System has opened a 109,000 sq.ft. logistics facility in Laredo, Texas to support cross-border shipments between the U.S....
Written on 15/02/2018, 16:44
miami-airport-gets-ftz-statusMIAMI: February 15, 2018. The U.S. Department of Commerce has designated Miami International Airport's entire 3,230-acre land parcel as a Foreign Trade...
Written on 14/02/2018, 16:57
jd-com-delivery-for-valentine-s-dayBEIJING: February 14, 2018. China retailer JD.com is selling 18.6 percent of its subsidiary JD Logistics for an estimated US$2.5 billion. The investors...
Written on 13/02/2018, 21:22
delta-cargo-adds-gps-tracking-to-equation-express-productATLANTA: February 13, 2018. Delta Cargo has launched 'Equation Critical', a new service with GPS-tracking for next-flight-out international shipments with...
Written on 13/02/2018, 20:14
valentine-s-day-still-a-growing-demandAALSMEER, The Netherlands: February 13, 2018. Valentine's Day, made official by Pope Gelasius in the fifth century to distract Roman Catholics from a more...
Written on 12/02/2018, 21:16
profit-surge-from-e-commerce-for-aramexDUBAI: February 12, 2018. Logistics provider Aramex has reported a nine percent increase in 2017 revenues to AED4.72 billion and a 14 percent year-on-year...
Written on 12/02/2018, 20:34
more-capacity-sharing-for-heavylift-and-project-cargoHAMBURG/ROTTERDAM: February 12, 2018. RollDock and SAL Heavy Lift are to launch a capacity pool for Roll-On/Roll-Off and Float-In/Float-Out project and...
Written on 11/02/2018, 19:37
g-w-invests-in-cargomaticDARIEN, CT: February 08, 2018. Railroad company Genesee & Wyoming has invested in Cargomatic, a technology platform connecting shippers and truck...
Written on 09/02/2018, 16:07
delta-cargo-expands-pharma-4-serviceATLANTA: February 9, 2018. Delta Cargo has added eight new destinations to its Pharma 4 program for temperature-sensitive shipments including Bogota, Hong...
Written on 08/02/2018, 19:20
ups-adds-midday-express-freight-deliveryATLANTA: February 08, 2018. UPS has added a midday service to its Worldwide Express Freight (WEF) product, offering a delivery time of 12 p.m. or 2 p.m....
Written on 08/02/2018, 14:39
evergreen-orders-eight-11-000-teu-containershipsTAIPEI: February 08, 2018. Evergreen Marine Corporation (EMC) has ordered eight 11,000 TEU containerships from Samsung Heavy Industries (SHI) for delivery...
Written on 07/02/2018, 22:05
emirates-skycargo-to-begin-daily-maastricht-flightDUBAI: February 06, 2018. Emirates SkyCargo has added Maastricht to its scheduled freighter network with an initial two B777 freighter flights a week from...
Written on 07/02/2018, 17:19
heavylift-bucket-delivered-to-angolaANTWERP: February 07, 2018. Heavylift and project cargo specialist Manora Logistics has recently completed the delivery of equipment to the mine and iron...
Written on 07/02/2018, 16:21
vallair-orders-10-a321-freighter-conversions-from-efwSINGAPORE: February 07, 2018. Elbe Flugzeugwerke (EFW), the aircraft conversion joint venture of ST Aerospace and Airbus, is to convert 10 A321 passenger...
Written on 06/02/2018, 22:13
ethiopian-to-begin-chicago-service-via-dublinADDIS ABABA: February 06, 2018. Ethiopian Airlines is to begin a three times weekly B787 service from Addis Ababa to Chicago via Dublin on June 09. The...

- powered by Quickchilli.com -