Ethiopian Airlines will start constructing a new $5-billion airport later this year, its CEO was quoted as saying on Wednesday, as the rapidly-expanding carrier outgrows capacity at its current base in Addis Ababa. Advertisement"Bole Airport is not going to accommodate us; we have a beautiful expansion project. Bole International Airport in Addis Ababa has a passenger capacity of about 19-million passengers annually. The Ethiopian Broadcasting Corporation quoted Tewolde as saying construction will start in the next six months. It has 116 aircraft in its fleet and its net profit rose to $260-million in its 2018/19 financial year from $207.2-million a year earlier.

Source: Ethiopian News January 15, 2020 14:26 UTC