Ethiopian Airlines revises 15-year strategic plan

By professo

The flag carrier of Ethiopia, Ethiopian Airlines, has announced plans to revise its 15-year strategic plan following recent growth.

The plan was originally introduced in 2010 and outlined a scheme that would see the Airline become the biggest on the continent by 2025.

The strategy would see Ethiopian Airlines more than double its fleet to 120 aircrafts in the review period.

However, the carrier currently has a fleet of 100 planes travelling to different continents, including North and South America, and Asia.

A new target has been set for the plan which will see the airline with 150 aircrafts by 2025.


“We have expanded more than we planned,” commented Tewolde Gebremariam, CEO of Ethiopian Airlines.

“We had to revise the objective to make it 150 airplanes or more by 2025,” he added.

The state-owned airline has announced plans to order 13 Boeing 787 jets ad six Airbus A350 planes within the year, Reuters reported.

According to the International Air Transport Association, Ethiopian Airlines is the largest carrier on Africa in regards to profit and revenue.

The company noted US$2.7bn in revenue in its 2016/17 financial year, an 11% rise from the previous year, whilst its net profit rose to $223mn from $220mn.

The carrier also saw a rise in passengers in the review period, increasing by 18% to 9mn.


Featured Articles

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East