Ethiopian wins African Cargo Airline of the Year Award

first_imgEthiopian wins African Cargo Airline of the Year AwardEthiopian Airlines, the largest cargo operator in Africa, has been awarded the African Cargo Airline of the Year Award during the 2017 Air Cargo Africa Conference held in Johannesburg from 21st to 23rd February 2017.Air Cargo Africa 2017 has been organized by STAT Media Group in celebration of excellence in the industry while supporting Africa’s steady growth. Winners have been selected through two rounds of online polling by worldwide readers of the magazine.While receiving the award, Group CEO Ethiopian Airlines, Mr. Tewolde GebreMariam, remarked: “Readers of STAT Trade Times across the globe have spoken and voted Ethiopian as ‘African Cargo Airline of the Year’. I would like to thank them all for their strong vote of confidence, which reiterates Ethiopian efficient global cargo service. The credit for this prestigious recognition goes to our strong workforce, especially, I would like to congratulate our cargo team for the job well done.Ethiopian Cargo has been growing at a very fast pace and will continue to do so. In order to support the fast growth that we are planning and to make Addis Ababa as one of the best Cargo hubs between Africa, Europe, The Americas, Middle East and Asia, we have built a new Cargo Terminal which can accommodate 600,000 tons per annum at a total cost of USD 115 million. The new Terminal 2 combined with the existing Terminal 1 will give a total tonnage capacity of 1 million per annum. Moreover, this year alone, Ahmedabad, São Paulo, and Orlando will join our global cargo network.”Ethiopian Cargo serves 36 freighter destinations operating the longest range twin-engine freighter aircrafts in the world, 6 B777-200 LR freighters as well as 2 B757F with a capacity of 103 and 35 tons each respectively.Ethiopian is a multi-award winning airline. Ethiopian was recently named Airline of the Year, for the fifth consecutive year, by African Airlines Association (AFRAA), SkyTrax World Airline Award for Best Airline Staff in Africa, Best African Cargo Airline of the Year Award, and Passenger Choice Award for Best Airline in Africa.About EthiopianEthiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seven decades of operation, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operational success.Ethiopian commands the lion’s share of the pan-African passenger and cargo network operating the youngest and most modern fleet to more than 90 international destinations across five continents. Ethiopian fleet includes ultra-modern and environmentally friendly aircraft such as Airbus A350, Boeing 787, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, Bombardier Q-400 double cabin with an average fleet age of five years. In fact, Ethiopian is the first airline in Africa to own and operate these aircraft.Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with seven business centers: Ethiopian Domestic and Regional Airline; Ethiopian International Passenger Airline; Ethiopian Cargo; Ethiopian MRO; Ethiopian Aviation Academy; Ethiopian In-flightCatering Services; and Ethiopian Ground Service. Ethiopian is a multi-award winning airline registering an average growth of 25% in the past seven years.Source = Ethiopian Airlineslast_img read more

Related Ctrip Announces Agreement to Acquire Skysc

first_img RelatedCtrip Announces Agreement to Acquire SkyscannerWe’re delighted to announce that leading Chinese online travel agent Ctrip is to acquire Skyscanner. International, Ltd. is a leading travel service provider of accommodation reservations, transportation ticketing, packaged tours and corporate travel management in China. Today they’ve signed a definitive agreement with the majority shareholders of Skyscanner Holdings…The next step in Skyscanner’s journey: our acquisition by Ctrip is completeToday marks the day that we move from a private VC-funded company to one that is the strategic partner of Ctrip, one of the most successful online travel companies in the world. This is a milestone, but like real milestones, it is at the side of the road and is…Skyscanner’s Colin McLellan and Stuart Middleton promoted to CFO and CCO respectivelySkyscanner’s Finance Director, Colin McLellan, and Commercial Director, Stuart Middleton, have been promoted to the roles of Chief Financial Officer and Chief Commercial Officer respectively. Colin McLellan has lead Skyscanner’s finance team since previous CFO Shane Corstorphine took on the role of General Manager, Americas, in 2016. Colin joined Skyscanner… 2017 is set to be another fast-paced year for Skyscanner and, together with Ctrip, we’re excited to continue in our quest in making travel search as simple as possible for travelers across the globe. As part of a listed company (Ctrip is listed on NASDAQ), we’ll no longer be reporting our financial results annually as we did previously. Ctrip acquired Skyscanner in December, a partnership we’re thrilled about – it will allow us to share best practice while remaining operationally independent and continue our accelerated global growth across the globe (for more information, check out our blogs here and here). The Ctrip group has seen a solid set of results in the fourth quarter of 2016, including healthy group revenue growth and significant margin expansions. Full Ctrip Q4 2016 results can be found on their Investor Relations site. Key results from the Ctrip group included solid revenue growth in 2016 for Skyscanner, accounting for mid-to-high single digit Ctrip group revenues on a pro-forma basis. Ctrip expect to see similar strong revenue for Skyscanner in 2017. Skyscanner’s adjusted EBITDA margins were maintained at around 20% in 2016. last_img read more