Press Release By Ethiopian Airlines
Ethiopian Airlines and Geven-SkyTecno have inaugurated a state-of-the-art facility for the manufacturing of Insulation Blankets for Boeing 737 MAX airplanes as part of a Boeing agreement (BSCA) between The Boeing Company, Geven-Skytecno and Ethiopian Airlines.
The new joint venture company of Ethiopian Airlines and Geven-SkyTecno, named “Ethiopian Sky Technologies”, is based in Addis Ababa with a primary manufacturing facility at Bole Airport.
Ethiopian Airlines holds 51% and SkyTecno 49% of the stake of the newly established company.
The parties as per their commitment are jointly manufacturing the products in Italy and Ethiopia as a supplier to The Boeing Company.
Geven-SkyTecno has been contributing its process technology proficiency, and manufacturing know-how as well as being responsible for speeding up the industrialization, qualification processes and training skills to the Joint Venture.
Ethiopian Airlines and SkyTecno invested in the state-of-the-art blankets manufacturing equipment to provide unrivalled customer service and product access. The Joint Venture focuses on delivering tailor-made solutions for Boeing 737 MAX airplanes. Products are manufactured in a multicultural environment in synergy between the African and European continent, subject to strict quality control, in order to meet the most demanding expectations of the aircraft industry.
“We are very pleased to announce this joint venture with Ethiopian Airlines, with whom we are looking forward to working together” says Alberto Veneruso, Managing Director of Geven-SkyTecno. “Our manufacturing excellence combined with our expertise in process technology, industrial efficiency and world-class distribution capabilities will provide our customers with best-in-class insulation solutions. Furthermore, Geven-SkyTecno provides the JV with a team of highly trained technical engineers with unparalleled experience meeting the demand for similar products from world airlines and OEM’s”, continues Veneruso.
Mr. Mesfin Tasew, CEO of Ethiopian Airlines Group on his part said “We are glad to unveil a modern manufacturing facility of Ethiopian Sky Technologies at our home base, Addis Ababa. As part of our Vision to develop the Aerospace Manufacturing Industry in Ethiopia, the partnership with Geven-SkyTecno takes our capability to the next level. As we have a very well established MRO capability with an excellent track record of providing aircraft maintenance we can leverage this capability and experience to further develop our Aerospace Manufacturing capability and eventually make it one of the key Strategic Business Units of the Airline. We are happy that we have gone into this tri-partite relationship with Geven-SkyTecno and Boeing and that we started manufacturing and exporting the Aircraft Thermo-Acoustic Insulation Blankets for the 737 MAX. We are keen to expand the scope of activities to other aerospace products to the mutual benefit of all parties”.
Ethiopian Sky Technologies is manufacturing and delivering the aerospace products in accordance with the terms of the Agreement and the stringent requirements of the Aerospace Industry.
In addition to building the aerospace manufacturing capability of Ethiopian Airlines, the partnership also enhances Ethiopia’s manufacturing infrastructure and international trade connections.
Mr. Henock Lemma Nigatu is leading Ethiopian Sky Technologies PLC as Chief Executive Officer. With his 25 years of experience at Ethiopian Airlines, where he has served in Managerial positions for most of this time, including serving as Manager of Group Alliances & Commercial Cooperation in his last assignment, Henock Lemma Nigatu has taken over the leadership of the joint venture company to foster and enhance the development of the new aerospace manufacturing capabilities.
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