Ethiopian Airlines is set to significantly broaden its domestic reach, increasing its service to 27 airports by the end of next month. This announcement comes as part of a broader strategic vision to solidify its position as Africa's leading aviation group and a global industry powerhouse.
Lemma Yadecha, the Chief Commercial Officer of Ethiopian Airlines Group, detailed the immediate expansion plans during a recent briefing. He confirmed that four new airports are nearing completion and will soon be integrated into the airline's domestic network. Negele Borena is scheduled for inauguration within the next 15 days, followed by Mizan Aman, Gore Metu, and Debre Markos. This growth marks a significant leap from eight years ago when the airline operated out of only 20 domestic airports.
Looking further ahead, the airline’s 'Vision 2040' strategy aims to expand the domestic network to 47 airports. This infrastructure growth is being matched by a massive fleet expansion. The airline currently operates 170 aircraft—a substantial increase from the 100 planes it held eight years ago. With 117 aircraft currently on order, the group plans to eventually operate a fleet of 356 planes.
To support this massive fleet, the airline is moving forward with the construction of the Bishoftu International Airport, which will function as part of a dual-airport system for Addis Ababa. Scheduled to officially begin operations on January 1, 2030, the new hub will be connected to the existing Bole International Airport via a dedicated ground transportation center featuring rail and road links. The Bishoftu site is envisioned as a comprehensive 'Airport City.'
Projections for the new facility are ambitious. Upon its opening in 2030, it is expected to handle approximately 9,370 passengers per hour. By 2060, the capacity is projected to rise to 20,160 passengers per hour, with the facility accommodating 628,000 flights annually. Cargo capacity is also expected to see a dramatic increase, rising from the current 1.15 million tons to 3.7 million tons.
Financially, the carrier continues to show robust growth. Mr. Yadecha noted that the airline's annual revenue has grown from $3 billion eight years ago to $7.6 billion recently. Revenue for the current fiscal year is projected to reach $8.5 billion, with a long-term goal of becoming a $29 billion company by 2040. Currently, the group also manages four sister airlines across the African continent, further cementing its regional dominance.
Source: Telegram / tikvahethiopia