Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 10:53 am
by waryaa
(CNN) -- As the first airline outside Japan to own Boeing 787 Dreamliner, Ethiopian Airlines has an impressive business record despite the global economic crisis. Growing 20 to 30% a year for the past seven years, the airlines' strategic plan is to carry 18 million passengers a year by 2025.
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CNN: I understand you have a 15 year plan with Ethiopian Airlines and the target is to meet ten billion dollars a year in revenue. What does that goal tell us about Africa's aviation industry?
TG: Ethiopia is growing very fast. 11% GDP for the last decade continuously. It's among the fastest growing economies in the world. Africa is growing, so we are growing together. In our vision, 2025, strategy plan is to operate 120 airplanes. To more than 90 destinations, generating about 10 billion dollars, carrying more than 18 million passengers, 720,000 tons of cargo.
We've been growing for 20 to 30% per annum compounded for the last seven years. So in seven years, we have multiplied the airline by five times. So this growth is predicted to continue mainly because we are leveraging and harnessing on our strategic location. If you draw a line through China, Africa, India and Brazil we are located right in the middle and we take advantage of this growth because these emerging economies are growing very fast.
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 11:00 am
by SANDIEGUY
Would it be wrong if I got mad at their success? Somalia should be doing this today not these Tigray that oppress my folks
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 11:01 am
by Methylamine
SANDIEGUY wrote:Would it be wrong if I got mad at their success? Somalia should be doing this today not these Tigray that oppress my folks
Somalis are way too divided to even come close to what Ethiopia's done with Ethiopian Airlines
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 11:06 am
by SANDIEGUY
Should've been
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 11:08 am
by PrinceDaadi
Ethiopian as it is called is an exceptional company, it is the only Ethiopian company which operate out side of its borders and it originates a country where all major economic sectors are government controlled so personally I will not invest it.
Being said that, m happy that they r developing very fast, I also believe th security of the HoA depend on the well being of Ethiopia so it is very important that Ethiopia gets better interms of Economy.
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 11:09 am
by waryaa
SANDIEGUY wrote:Would it be wrong if I got mad at their success? Somalia should be doing this today not these Tigray that oppress my folks
I see it as African/East African success
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 11:13 am
by waryaa
PrinceDaadi wrote:Ethiopian as it is called is an exceptional company, it is the only Ethiopian company which operate out side of its borders and it originates a country where all major economic sectors are government controlled so personally I will not invest it.
Being said that, m happy that they r developing very fast, I also believe the more Ethiopia gets the better we are!
in the same article...
Ethiopia is growing very fast. 11% GDP for the last decade continuously. It's among the fastest growing economies in the world.
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 11:17 am
by PrinceDaadi
waryaa wrote:
PrinceDaadi wrote:Ethiopian as it is called is an exceptional company, it is the only Ethiopian company which operate out side of its borders and it originates a country where all major economic sectors are government controlled so personally I will not invest it.
Being said that, m happy that they r developing very fast, I also believe the more Ethiopia gets the better we are!
in the same article...
Ethiopia is growing very fast. 11% GDP for the last decade continuously. It's among the fastest growing economies in the world.
The Data which they are quoting is not reliable but they are doing very well though I don't believe the 11% GDP. Btw Ethiopia is the future, imagine a market of 100 million population, I can't wait when they market is liberalized.
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 11:23 am
by waryaa
prince, I didn't know they were growing this fast economically! It was a surprise to me because Ethiopia is still one of the largest donation recipient countries in the world. They receive much more aid than doomed Somalia.
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 11:34 am
by PrinceDaadi
waryaa wrote:prince, I didn't know they were growing this fast economically! It was a surprise to me because Ethiopia is still one of the largest donation recipient countries in the world. They receive much more aid than doomed Somalia.
The figures they are reporting r not reliable, never the less lately they have been making some progress, what is holding them back is the economy is still centrally controlled specially Energy, Banking, Telecommunication and all other important sectors are government owned.
But m still banking on them, we will continue investing in the other East African countries until they liberalize their economy then we move there Insha,Allah .
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 11:47 am
by ofafrique
Good work, Ethiopia. This is an amazing feat.
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 12:46 pm
by Somalistan
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 12:54 pm
by TheblueNwhite
That's fine and dandy.
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 1:43 pm
by Kabriid
SANDIEGUY wrote:Would it be wrong if I got mad at their success? Somalia should be doing this today not these Tigray that oppress my folks
Somalia could've been everything today if it wasn't for a confused dictator that ruined the country, that ruined the chances of uniting all 5 parts of Somaliweyn, that ruined the trust and loyalty Somalis had for eachother and he sowed distrust, discord and hatred in the hearts of Somalis.
Ethiopians might hate eachother but they still have love for their country. Somalis on the other hand equates the President of the country and the entire nation with the clan he hails from and that my friends, is a left-over from taliskii Maxamed Siyaad Barre.
I'm glad that Ethiopia is doing some progress. Somalis should focus on their problems instead of being negative.
Re: Ethiopian Airlines - Bringing the Dreamliner to Africa
Posted: Wed Dec 26, 2012 2:28 pm
by Advo
^lol always putting the blame on others is never gonna get anyone anywhere.
