ETHIOPIAN SECURES ADDITIONAL FINANCING FOR B777’S
It was learned overnight that Ethiopian Airlines has been given approval by the African Development Bank for a co-syndicated secondary loan of 40 million US Dollars, towards the five Boeing B777-200LR, which from part of an extensive order for newer and additional aircraft. ET has been at the forefront of African aviation and operates an impressive inter African network, connecting the world via Addis Ababa through their direct flights and their codeshared flights from Frankfurt with Lufthansa.
Due to formally join Star Alliance later in the year the entry into the globally leading airline alliance will further strengthen Ethiopian’s position to distribute traffic to Africa from their own overseas destinations but also in close partnership with their alliance partners.
In a related development it was also learned that ET will be going ‘daily’ on the route to Beijing from May onwards, just as soon as more of the ordered B777’s arrive at their base and can be taken into service.
