Ethiopian is well managed, and has consistently exceeded the profit targets set out in its strategy plans. It is unusual among state-owned African airlines in being able to raise its own debt and finance its own expansion without government cash.
AFRICA’S booming aviation industry reached another landmark in August when Ethiopian Airlines became the first carrier outside Japan to operate the Boeing 787 Dreamliner (pictured), a state-of-the-art passenger jet. The introduction of the 787 to African skies could transform the nature of air travel across the continent—and even worldwide.
It could, in other words, be the example that others follow. Too many African carriers are plagued by debt and managed with the sole aim of satisfying the short-term interests of their cash-hungry owners. Africa’s fragmented economy desperately needs airlines to facilitate trade, tourism and growth, as well as to provide employment and technical skills. With its ten modern 787s and its confident global ambitions, Ethiopian Airlines has not just Africa, but the whole world, in its hands.
Read Full Story