Ethiopian Airlines Group has merged with Ethiopian Airports Enterprise (EAE) to form the African country's new Aviation Holding Group. The consolidation, which follows regulation approved by Ethiopia's Council of Ministers on July 14 this year, sees the formation of a new holding group comprising EAE, Passenger Airline, Cargo Airline & Logistics Company, Ethiopian Aviation Academy, Ethiopian Inflight Catering Services, Ethiopian MRO Services and Ethiopian Hotel & Tourism Services. A statement issued by Ethiopian Airlines, Africa's fastest growing carrier, said: "The holding company came on the scene with Ethiopian Airlines' 15-year strategic plan dubbed 'Vision 2025'. The companies under Ethiopian Airlines have been preparing themselves to stand autonomously for the last seven years since the launch of the plan. In 2010, Ethiopian Airlines set out its Vision 2025 programme for future growth, supporting the country’s huge export of perishables by expanding the airline’s cargo fleet and infrastructure.

Source: Ethiopian News September 05, 2017 13:07 UTC