Ethiopian Airlines announced plans to start building a new airport this year. Set to accommodate 100 million passengers, the $5 billion infrastructure will be Africa’s biggest airport.
It will be built on a 35 km2 land in a place called Absera, around the town of Bishoftu, about 48 km from the capital Addis Ababa. The facility will also have duty free shopping malls, hotels, logistics, and training centers among others.
In an exclusive interview with Ethiopian News Agency, Ethiopian Airlines Group CEO Tewolde Gebremariam (pictured) said that Ethiopia has completed its vision 2025 seven years ahead of time. Tewolde says the construction of the new airport is to relieve congestion at the Bole International Airport, which is nearing saturation despite recent expansion works that has increased its annual capacity to 22 million passengers.
“Bole Airport is not going to accommodate us; we have a beautiful expansion project, the airport looks very beautiful and very large but with the growth that we are having every year, in about 3 or 4 years we are going to be full,” said Tewolde Gebremariam.
For the fiscal year 2018/2019, the company’s fleet included nearly 120 aircraft deployed to 127 destinations in 81 countries around the world (Africa, Europe, America, Middle East and Asia). It has become the world's fifth-largest carrier in destinations.
Over the same period, Ethiopian Airlines carried more than 12 million passengers with a net profit of $180 million and a turnover of $4 billion.
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...
S&P keeps Morocco at BBB-, but the Hormuz closure blocks vital sulfur for OCP fertilizer. Budget risks rise as oil hits $120 OCP revenue...
World Bank approves $25.75M to support Djibouti diversification Programme targets SMEs, investment climate and state enterprise...
The IEA declared the Iran war the largest oil supply disruption in market history, with Brent surging past $100 a barrel after the Strait of...
ReconAfrica analysing seismic data on offshore Gabon block Study aims to identify hydrocarbon prospects, no drilling yet Four-year exploration phase...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...