Photo Provided by Ethiopian Airlines
By Hermon Genanaw
Addis Ababa, Ethiopia July 18, 2016 (IMC):- Ethiopian airlines is to start aerospace industry in Ethiopia to manufacture and supply aircraft parts to Boeing, Airbus and other aerospace companies, the airline said in statement Monday.
To that effect, Ethiopian has signed a memorandum of understanding (MoU) with Aerosud Group, a prominent South African aerospace manufacturing company aimed “at establishing a joint venture aerospace manufacturing company,” according to a press statement.
Teweolde GebreMariam, Group CEO of Ethiopian, and Johan Steyn, Managing Director of Aerosud Group signed the MoU on July 15, at Ethiopian headquarters in Addis Ababa.
The joint venture with Aerosud Group will contribute to the Ethiopian government's five years’ Growth and Transformation Plan (GTPII) by establishing and developing and labor- intensive aerospace manufacturing industry, Tewolde said after signing the MoU; hence creating a significant amount of job opportunities.
Steyn on his part said “we are happy to establish this joint venture with Ethiopian Airlines and we would like to share Aerosud long years of experience working with major aircraft manufacturers such as Boeing and Airbus and help Ethiopian in the development of the aerospace manufacturing industry in the country.”
Ethiopian has done its research and various discussion to determine potential areas of manufacturing meeting with companies such as Boeing, Bombardier and other aerospace manufacturing companies.
“The manufacturing facilities, that will be set up in due course, are expected to be located in the vicinity of Bole International airport for good reasons of economy of scale and ease of import/export transportations,” Tewolde stated.
Ethiopian is the fastest growing airline in Africa and hopes to prosper even more on this upcoming venture.
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