[ad_1]
Ethiopian Airlines Group put on hold the establishment of a fleet of small airliners, the demand gains suggesting that the roads on which they would be deployed would be better served by larger planes.
Series aircraft – since taken over by Airbus SE and renamed A220 – with the E195 of Embraer SA. An order, which was mentioned as likely at the Farnborough Air Show this week, is now on the agenda, said managing director Tewolde GebreMariam in an interview
"We decided to suspend the 39, evaluation of the regional plane 100-seat acquisition project, because the size of the selected regional road market is increasing faster than expected, "he said. Boeing Co. 737 jet of the current fleet will be rather used while the airline studies the trends of pbadengers.
Tewolde also said that there is no prospect of an order for the Boeing Boeing Airbus A350-1000 or 777X at the Farnborough Expo, along with Ethiopian still evaluate both aircraft for its latest long-term requirements. A purchase of more than 777s of the current generation of the American company or the 787 Dreamliner remains an alternative, he said.
Foreign aid
CEO says privatization plans, sanctioned by Ethiopian politburo in power last month, are more likely Ethiopian Air is already making a significant economic contribution to the nation while being efficient, internationally competitive and able to raise capital for growth.
Of the seven or eight group cases Some of them will be "very attractive" to investors and could also benefit from outside participation, he added. He cited the airline's hotel, airport and aerospace manufacturing sector, where negotiations are underway with companies like Boeing, Airbus and Bombardier. The logistics branch of the carrier, which has a business with the DHL brand of Deutsche Post AG, could be turned into a joint venture giving the German company a 49% stake "in a matter of weeks".
It is also possible that the countries According to Tewolde, ramifications could take reciprocal participations in the carrier based in Addis Ababa. The CEO said in May that his company would take stakes in new operators in Zambia, Chad, Mozambique and Guinea while helping to manage existing carriers in Equatorial Guinea and the Democratic Republic of Congo.
Ethiopian has been in talks with the president of Djibouti Airlines on potentially tradable shares, said Tewolde. A stake in Eritrean Airlines would also be a "logical step," said the CEO, following the resumption of direct flights between countries later in the year. Ethiopia has already reactivated a bilateral air services agreement with its neighbor to fly over the airspace and save on fuel costs, one of the many agreements reached under the Air Transport Agreement. a thaw of relations
Ethiopian, which turned Addis Ababa into the African equivalent of the Persian Gulf. hubs, connecting nearly 70 global cities with nearly 60 across the continent, already holds stakes in Malawi Airlines in the south and Asky Airlines based in Togo in the west. The new initiatives are aimed at consolidating its leading position on its competitors Kenya Airways Plc and South African Airways owned by the state.
Source link
