Ethiopian Airlines (ET) announced that it expects to receive A350 Airbus plane by 2016, which it had agreed to buy from the European Aircraft manufacturer Airbus.
Tewolde Gebremariam, Chief Executive Officer (CEO) of ET said that the airline has ordered 14 A350 which was originally conceived in 2004, and had recently its first test flight at the Paris Air show held last June.
Tewolde also said these orders for the A350 on top of the 13 aircraft it ordered the US aircraft manufacturer Boeing made 787s, will help it further excel in its air services endeavours.
ET currently has five 787s, which are said to be fast, fuel efficient and more spacious compared to its predecessors.
Meantime, the airline also revealed that its operating revenue increased by 165 percent compared to last year reaching 2.7 billion birr (around 144 million USD).
Its net profit has also jumped by 178 percent, to reach just over two billion birr, despite soaring fuel prices, and the grounding of the 787s for several months.
Tewelde attributed its success to the dedication and commitment of employees as well as to the wisdom of the leadership and board, Flexible capacity & demand management ,Prudent cost management, increasing Charter business, its Right long term strategy, growth of African and Ethiopian economy and strong Customer confidence.
The Airline which was founded in 1945 currently has 76 international and 17 domestic flights, with 60 fleets in possession catering for over 1330 weekly flights and over 190 daily departures.