Ethiopian receives award for best lease deal in #Africa


(Posted 09th October 2018)

Ethiopian Airlines, the largest aviation group in Africa, the continent’s leading Star Alliance member and SKYTRAX Certified Four Star Global Airline, has just announced that it has won the Aviation 100 “Africa Lease Deal of the Year 2018” award by Airline Economics Magazine during the Airline Economics Growth Frontiers Dubai 2018 conference gala dinner.

The Aviation 100 awards recognize aviation’s most outstanding performers, as well as the most innovative and successful finance and leasing deals closed in the last 12 months.
Winners of the Aviation 100 awards are decided by an industry-wide survey, a rigorous vetting process and editorial consideration.

Commenting on the award, Ethiopian Airlines Group CEO Mr. Tewolde Gebremariam said, “We are happy to receive this award from Airline Economics. It’s for the first time that the Japanese financing system, JOLCO, financed an aircraft deal with an African airline. JOLCO availed financing for our A350 aircraft. The deal shows the strong confidence of reputed global financiers in Ethiopian balance sheet and business plan.”

(Mr. Ali Mohammed, Ethiopian Area Manager Gulf, while receiving the award)

Ethiopian Airlines had received the Middle East & Africa Airline of the Year award in 2017 by Airline Economics.

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