Ethiopian Airlines plans to increase investment in cargo services and infrastructure in order to establish itself as a logistics hub for Africa’s burgeoning e-commerce market. Chief Executive Officer Tewolde GebreMariam said in an interview that the continent’s largest airline is considering ordering approximately five Boeing Co. 777 freighters and may also take the future Airbus SE A350s. He also stated that the carrier is planning to grow its cargo operations in Addis Ababa and hire more employees.
Ethiopian Airlines is finalizing the formation of a new airline in the Democratic Republic of Congo, in which it will hold 49%. However, Tewolde noted that a prior plan to acquire narrow-body A220 planes that would have helped connect the continent has been shelved for an unknown reason. According to Tewolde, cargo now accounts for half of Airline’s earnings, compared to around 15% before the coronavirus.
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