In Rapid Expansion, Ethiopian Airlines Orders More PlanesMay 7, 2018 - Revising a 15-year strategy set in 2010, Ethiopian Airlines plans to buy more planes to step up its rapid expansion, according to FBC. The plan was to double its fleet to 120 airplanes and become Africa’s biggest airline by 2025, but the airline already has 100 planes flying to dozens of destinations throughtout the world. The state-owned carrier has also outpaced regional competitors Kenya Airways and South African Airways to become Africa’s largest airline by revenue and profit, according to the International Air Transport Association. “We have expanded more than we planned,” said Chief Executive Tewolde Gebremariam. In its 2016/17 financial year Ethiopian Airlines generated $2.7 billion in revenue, Tewolde said, up more than 11 percent from the previous year.

Source: Ethiopian News May 07, 2018 21:45 UTC