(RTTNews) - The Boeing Co. (BA) Tuesday said Ethiopian Airlines has agreed to order 11 787 Dreamliner and 20 737 MAX airplanes with an opportunity for additional 36 jets. This makes the the largest Boeing jet purchase by an African carrier. Boeing has also agreed to provide cabin modification services for the carriers' existing 787 Dreamliners, the company said in a statement. Boeing's Commercial Market Outlook for Africa projects the continent will need 1,025 airplanes over the next two decades. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
November 14, 2023 18:15 UTC
The agreement, signed by Ethiopia's national carrier at the Dubai Airshow, represents the largest-ever purchase of Boeing airplanes in African history. "This order will enable us to modernize and increase our fleet in support of Ethiopian Airlines' growth plan and our Vision 2035 Strategy. The 787 Dreamliner and 737 MAX demonstrate Ethiopian Airlines' environmentally conscious decisions and its commitment to serve passengers with the latest technologically advanced airplanes." The new commitment positions Ethiopian Airlines to further strengthen and diversify its fleet, which currently includes more than 80 Boeing jets. As a multi-award-winning airline, Ethiopian has been the champion in various coveted awards including Skytrax's 'Best Airline in Africa Award' for six consecutive years among others.
November 14, 2023 17:55 UTC
Idea Generation: Just BlazeOn this week's episode of Idea Generation, renowned record producer Just Blaze explains how he built one of the most impressive resumes in music, taking us on a journey from his early days as a math prodigy in Paterson, New Jersey, to becoming one of the premier beatmakers in music. Having helped shape the sound of Roc-A-Fella records, he earned a reputation as one of the most sought after pens in the game and later went on to score video games.
November 14, 2023 17:29 UTC
Ethiopian Airlines announced, on Tuesday, a deal with Boeing that will see the company buy 20 737 MAX aircraft, as well as 11 additional 787 Dreamliners during the Dubai Air Show. The airline will announce an order for wide-body jets, either the Boeing 777X or Airbus A350, in the coming months, he said, declining to say how many wide-body jets it would order. "The accident on the max (737-max) that happened before four years was a very, very sad accident. It was the second involving a Boeing MAX in less than five months, and led to a worldwide grounding of all MAX jets for nearly two years. Boeing described the sale as the largest-ever purchase of Boeing aeroplanes in African history, without disclosing a price point for the deal.
November 14, 2023 16:13 UTC
DUBAI (Reuters) - Ethiopian Airlines on Tuesday placed an order for Boeing 737-8 MAX narrow-body jets, nearly five years after the fatal 2019 MAX aircraft crash that led to the grounding of the global fleet. In March 2019, an Ethiopian Airlines 737 MAX plane crashed shortly after take-off from Ethiopia's capital Addis Ababa, killing all 157 passengers and crew on board. The accident followed a Lion Air 737 MAX crash in Indonesia's Java Sea five months earlier which killed all 189 people on board. Ethiopian Airlines announced the order on the second day of the week-long Dubai Airshow, where order announcements have been dominated by U.S. planemaker Boeing. Tasew said Ethiopian Airlines expects to exercise options to purchase another 21 of the narrow-body planes.
November 14, 2023 15:41 UTC
Boeing (BA) and Ethiopian Airlines said the carrier made an initial order of 31 jets, including 11 of Boeing's 787 Dreamliners and 20 of its 737 Max airplanes. The deal allows for a maximum order of 26 of the 787s and 41 of the 737 Max jets. Boeing's stock rose 1.1% on Tuesday, as it extended gains from the previous session on tame Consumer Price Index data. Ethiopian Airlines Chief Executive Mesfin Tasew said the order "will enable us to modernize and increase our fleet" as part of the company's growth plan. (END) Dow Jones Newswires11-14-23 1013ETCopyright (c) 2023 Dow Jones & Company, Inc.
November 14, 2023 15:21 UTC
I have worked in the specialty coffee trade for over a decade and, like many people in the industry, I believed for much of that time that specialty coffee was sustainable. With almost all companies in the specialty coffee industry claiming to pay better prices to producers, then the environment must naturally be taken care of, right? Another surprise came when we started to market our solution to brands and traders associated with the specialty coffee sector. It makes me wonder: Is the specialty coffee industry falling behind? In my opinion, what really needs to change in the specialty coffee industry is the narrative.
November 14, 2023 15:15 UTC
Boeing stock appeared set to continue its rally Tuesday as the Dow Jones jet manufacturing giant landed another major order at the Dubai Airshow. The airline has more than 80 Boeing jets in its fleet and touts the largest fleet of Dreamliners in Africa. The new 737 order is a major show of support from Ethiopian Airlines. Dubai Order FrenzyAt the start of the Dubai show, Emirates Airline announced a $52 billion order Monday for 95 of Boeing's widebody jets. However, Emirates Airline on Tuesday signaled it will hold off on any new Airbus A350 orders, the AP reported.
November 14, 2023 14:14 UTC
AerospaceThe second day of the Dubai Airshow brought more work for North Charleston Boeing employees when Ethiopian Airlines agreed to order 11 Dreamliners from the Lowcountry production line. The 787 Dreamliner and 737 MAX demonstrate Ethiopian Airlines' environmentally conscious decisions and its commitment to serve passengers with the latest technologically advanced airplanes." Ethiopian Airlines is working to strengthen and diversify its fleet, which currently includes more than 80 Boeing jets. Boeing and Ethiopian Airlines also agreed to work together to provide cabin modification services for the carrier's existing 787 Dreamliners. Ethiopian Airlines has been in business for 77 years and is the fastest-growing airline in the world, according to the carrier’s website.
November 14, 2023 14:07 UTC
After 30 years, Ethiopia’s status was reduced from ownership of two ports to using two ports, Djibouti and Assab, through trade rules and agreements with the respective countries. That was further reduced to the use of the port of Djibouti after disagreements and conflict with Eritrea. He mentioned recent news of missile attacks coming from Yemen, which is only about 28, 29 km sea width from Djibouti. If the big powers there start shooting at camps on other side, it leaves Ethiopia, a country with a population of 120 million, without options. He questioned how saying ‘let’s share the Airline’ be taken as equivalent to war.
November 14, 2023 14:03 UTC
Dubai carriers challenged regional rivals with more than $60 billion of Boeing jet orders on Monday, day one of the Dubai Airshow. Day 2 will kickstart with a customer announcement from French OEM Airbus, possibly a mega order deal from Turkish Airlines. 03:54PMFirst class to stay crucial for Emirates: Sheikh AhmedFirst class will remain very important for Emirates for the future, said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, during a media briefing on Tuesday. "This order is in line with the Ethiopian Airlines' growth strategy. The services agreement will cover 222 LEAP-1B engines for the airline’s fleet of Boeing 737-8/-9 (in-service and on order).
November 14, 2023 13:55 UTC
Since then, Ethiopia has been fully dependent on its neighbours – especially Djibouti – for access to ports and international shipping routes. Yet Abiy is clear that his country will gain favourable access to the sea and key international trading routes – one way or the other. Abiy is increasingly sounding and acting like another world leader whose imperial ambitions and aggression have already caused immense pain and suffering: Russia’s President Vladimir Putin. Abiy’s Ethiopia clearly has ambitions to not only gain access to the sea but become a great power in the world. African nations should put an end to Abiy’s imperial ambitions for good, before it is too late.
November 14, 2023 13:40 UTC