Ethiopian Airlines Named ‘African Business of the Year’

Ethiopian Airlines Named ‘African Business of the Year’

The African Business Award 2013 was just presented in New York, with Ethiopian Airlines winning top honors.

The company was recognized for its exemplary role as an African business model that is effectively harnessing opportunities and making profits while at the same time registering fast growth, despite the tough economic times for the global aviation industry, reports allAfrica.

“As a truly Pan-African business organization, we are honored and feel happy to receive this award, which recognizes our contribution to the economic development and GDP growth of our great continent. Africa is on the rise and we are growing together with the continent,” said Tewolde Gebremariam, CEO of Ethiopian Airlines.

“With our extensive and fast expanding passenger and cargo network, which now covers five continents, and our multiple hub strategy in Africa, which is creating multiple gateways to the continent, we are serving as a critically essential vehicle for the flow of tourism and foreign direct investment into the continent.”

In fact, Ethiopian is the fastest growing Airline in Africa and has become one of the continent’s leading carriers.

Ethiopian dominated the panAfrican passenger and cargo network, operating the youngest and most modern flee. It flies to more than 74 international destinations across five continents.

“Ethiopian fleet includes ultra-modern and environmentally friendly aircraft such as the Boeing 787, Boeing 777-200LR, Boeing 777-200LR Freighter and Bombardier Q-400 with double cabin. In fact, Ethiopian is the first airline in Africa to own and operate these aircraft,” reports allAfrica.

Ethiopian is also thinking ahead. It is in the process of implementing a 15-year strategic plan called Vision 2025 that will include seven business centers: Ethiopian Domestic and Regional Airline; Ethiopian International Passenger Airline; Ethiopian Cargo; Ethiopian MRO; Ethiopian Aviation Academy; Ethiopian In-flight Catering Services; and Ethiopian Ground Service.

Ethiopian has had an average growth of 25 percent in the past seven years.