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African Development Bank (Abidjan)

$159 Million AfDB Loan to Ethiopian Airlines to Finance Expansion

Ethiopian Airlines, the flagship airline for Ethiopia, is 100% owned by the government of Ethiopia. In line with the African Development Bank (AfDB)'s new strategic thrust to integrate Africa and improve air connectivity in the continent, the Bank has approved a financing package of $159 million to partly finance Ethiopian Airlines' expansion plan and fleet modernization program. Read more. More about the AfDB in this BRIEFING.

Photo: Boeing

When Ethiopian Airlines acquired its first Boeing 787 Dreamliner in August 2012, it became the second airline in the whole world to own and operate the long-range, mid-size widebody, twin-engine jet airliner. To power its fleet of 787 Dreamliners, Ethiopian Airlines purchased GE Aviation's GEnx engines. Ethiopian Airlines is the first airline in Africa to fly GEnx-powered Boeing 787 Dreamliner aircrafts.