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Ethiopian Airlines to buy 59 more aircraft from now until 2025
AFRICA's biggest carrier, Ethiopian Airlines (ET) plans to purchase 59 aircraft between now and 2025 under its medium-term growth plan that forecasts annual revenue will reach US$25 billion by 2025, up from unaudited revenue of $2.71 billion in 2016/2017.
Unveiling the expansion plan to journalists at the airline's headquarters in Addis Ababa, Ethiopia, the manager of ET-Holidays, Seble Wongel Azene, said the airline will expand its network to over 120 destinations by 2025 by which time it hopes to fly 22 million passengers annually, reported Abuja Daily Trust.
Government-owned ET currently flies 8.8 million passengers annually from 100 international and 19 local destinations, with a fleet of 92 aircraft. It operates 1,681 weekly flights and 240 daily flights across its route network, and carried 338,646 tonnes of cargo in 2016/2017.
Unveiling the expansion plan to journalists at the airline's headquarters in Addis Ababa, Ethiopia, the manager of ET-Holidays, Seble Wongel Azene, said the airline will expand its network to over 120 destinations by 2025 by which time it hopes to fly 22 million passengers annually, reported Abuja Daily Trust.
Government-owned ET currently flies 8.8 million passengers annually from 100 international and 19 local destinations, with a fleet of 92 aircraft. It operates 1,681 weekly flights and 240 daily flights across its route network, and carried 338,646 tonnes of cargo in 2016/2017.
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