Monday, June 22, 2015

Ethiopia beating the economic odds

Posted on Monday, 22 June 2015 16:14

The Ethiopian 787 Journal Flows to its Profits

Ethiopia beating the economic odds <<Link

"The aviation story is different. Ethiopia's geographic location and the success of its national airline give it easy access to many global markets.
Ethiopian Airlines flies passengers to 83 international destinations, 49 of them in Africa, and hauls cargo to 24 cities around the globe. It is Africa's fastest growing and most profitable passenger and cargo carrier.
Three years ago, the state-owned but privately-managed airline became the second carrier outside Japan to operate the Boeing 787 Dreamliner, a state-of-the-art passenger jet."

Winging It Predicted this as a feature company back in 2011 and then in 2013.

Winging IT August 2013

"After reading this old Winging It link on LiftnDrag blog, the article goes on to state watch Ethiopian Airlines, because they are best positioned to take advantage  of the 787 on its long legged routes. Little did I know, they would have one 787 catch on fire at London Heathrow, and benched it indefinitely until a resolution is found, or did I know they they would increase its profitability by 178%, and recognize the 787 directly affecting the bottom line by so much! Even with its older aircraft inventory in play everyday. If it sounds like crowing, then so be it, its crowing a little. I can't help but get a little excited on a long shot Airlines on a winning horse, The 787."

Winging It December 11, 2011

"Another look is for Ethiopian Airlines in what the 787 does for its bottom line.  They will be a good case study, since they own such a smaller number of aircraft and fly long routes. The 787 will have an immediate impact from its operations, where you will see how it drives the bottom line at the end of next fiscal year.  This is a manageable study of its business plan and bottom line. You may gain a distinct appreciation for the 787's financial impact on Ethiopian  Airlines."