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Ethiopian Airlines to buy a share from Eritrean airlines

Ethiopian Airlines is acquiring 20 % shares from Eritrean Airlines as the relation between the two countries restores to normalcy.

Ethiopian Airlines _ Eritrea
Source : Airlines rating

July 17, 2018

No detail was known about the deals between Ethiopian prime minister Abiy Ahmed and Eritrean president Isayas Afeworki who visited Eritrea and Ethiopia respectively in a span of one week time.

Today, Government Communications Minister, Ahmed Shide dislosed one of the deals in the areas of economic cooperation. He tweeted Ethiopian Airlines, the largest and most competent carrier in the continent, is purchasing 20 percent share from Eritrean airlines.

It is not clear as to what Ethiopian Airlines spending looks like for the purchase. As in the case of other purchases in Africa, the purchase from Eritrean Airways does not seem to impress Ethiopian observers from economics background.

Ethiopia and Eritrea peace agreement brought about the opportunity for Ethiopian Airlines to resume direct flight to Asmara. And the airlines is planning to deploy Boeing 787, which is known to be technologically advanced commercial aircraft, for the one hour and ten minutes flight between Asmara and Addis Ababa.

The first flight is scheduled for tomorrow, July 18, 2018.

CEO of Ethiopian Airlines, Tewolde Gebremariam, is quoted as saying;

    “We at Ethiopian feel an immense honor and joy to resume scheduled flights to Asmara after 20 years, following the visit to Eritrea by H.E. Dr. Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia. With the opening of a new chapter of peace and friendship between the two sisterly countries, we look forward to starting flights to Asmara with the B787, the most technologically advanced commercial aircraft, which gives customers unparalleled on-board comfort…”

Ethiopian Airlines has been expanding its destinations and services and is now eying Moscow as next addition to its destinations.

This week Ethiopian Airlines Aviation Academy (EAA), which is based in the capital, graduated, 302 aviation professionals.

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