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Addis Ababa – Ethiopian Airlines Group has suspended plans for a fleet of smaller airliners as demand gains suggest that the routes they would be deployed on would be better served by larger planes .
Series aircraft – since taken over by Airbus and renamed the A220 – with E195 from Embraer. An order, expected at the Farnborough Air Show this week, is now on the agenda, said CEO Tewolde GebreMariam
"We decided to suspend the evaluation of the project. acquisition of 100-seat regional aircraft since market size, selected regional routes are growing faster than expected, "he said. The Boeing 737 aircraft in the fleet will be used as the airline studies pbadenger trends.
Tewolde also indicated that there was no prospect of order for the Boeing Airbus A350-1000 or Boeing 777X at the Farnborough expo. evaluate the two aircraft for its latest long-haul requirements. According to the CEO, privatization plans, sanctioned by the Ethiopian Political Bureau last month, are more likely to see foreign involvement in different operating units than another. Ethiopian Air already makes a significant economic contribution to the nation while being efficient, internationally competitive and able to raise capital for growth.
Among the seven or eight business units of the group, some will be "very attractive" for investors could also benefit from outside participation, he added. He cited the hotel business, airports, aircraft construction – where negotiations are underway with companies like Boeing, Airbus and Bombardier – and its logistics branch, where a joint venture with DHL brand of Deutsche Post is expected to be Turned into German holding company a 49% stake "in a few weeks"
It is also possible that countries where Ethiopian is working on international ramifications could take reciprocal holdings in the Addis Ababa-based carrier, said Tewolde. The CEO said in May that his company would take stakes in new operators in Zambia, Chad, Mozambique and Guinea while helping to manage carriers in Equatorial Guinea and the Democratic Republic of Congo
Ethiopian was in talks with the president of Djibouti. Airlines on potentially exchange shares, said Tewolde. Ethiopian, which has made Addis Ababa the equivalent of the Persian Gulf hubs in Africa, connecting nearly 70 global cities with nearly 60 cities across the continent, said the CEO. already has holdings in Malawi Airlines in the south and Asky Airlines in Togo in the west. The new initiatives are aimed at consolidating its lead over its competitors Kenya Airways Plc and South African Airways owned by the state
Bloomberg
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