Ethiopian Airlines will likely begin manufacturing aircraft parts in a venture with The Boeing Company BA involving a $15 million initial cost. The investment opportunity is expected to create job opportunities for about 300 Ethiopians, Reuters reported, citing the Ethiopian Investment Commission (EIC). The investment is a part of Ethiopian Airlines’ manufacturing plan that was chalked out in 2009. The Ethiopian Investment Commission, Ethiopian Airlines and the local state Industrial Parks Development Corporation have signed a Memorandum of Understanding (MoU) in this regard. The report noted said the venture will make aerospace parts, including aircraft thermo-acoustic insulation blankets, electrical wire harnesses, and other parts.

Source: Ethiopian News August 19, 2023 02:58 UTC