The Ministry of Finance on Monday said that Ethiopian Airlines did very well in the first quarter of Ethiopian’s fiscal year.
Ahmed Shede, the Finance Minister, who led the performance evaluation, according to the Ethiopian Broadcasting Corporation Report, said the airline performed very well in its cargo and passenger business, and also in terms of project execution. Figures about the finances undisclosed.
Furthermore, he said that the airline’s intra-African business connection and its internal administration are efficient and fast.
He remarked that the airlines should stay the course, and the Ministry pledged support to ensure the success of coordination with other stakeholders.
When the airline industry was hit hard due to the global pandemic, Ethiopian Airlines managed to survive without a rescue financial package and without laying off employees. It was achieved, among other things, by converting passenger planes to cargo planes.
It is to be recalled that Ethiopian Airlines undertook a huge expansion project of the current terminal at Bole International Airport. Ethiopia has also plans to build a bigger airport just outside of Addis Ababa.
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