@Boeing – Ethiopian Business Review

In a move that underscores Ethiopia’s growing prominence in global aviation, Boeing has officially inaugurated its Africa office in Addis Ababa. The opening ceremony, held on April 14, 2017, was attended by key figures including His Excellency Alemu Sime (PhD), Minister of Transport and Logistics, Boeing’s President of the Middle East, Turkey, Africa, and Central Asia, Kuljit Ghata, and other aviation leaders.

Dr. Alemu emphasized the significance of Boeing’s new office in Addis Ababa as a pivotal milestone in Ethiopia’s journey towards becoming a global leader in transport and logistics. “This is not only a testament to Ethiopia’s advancement in the aviation sector but also a crucial step toward realizing our vision of a connected and prosperous Africa,” he remarked at the opening.

Ethiopia has long been investing heavily in the modernization of its transport and logistics infrastructure. With a decades-long roadmap driven by the National Transport Council, the government is focusing on creating a robust transport network across the continent. This vision includes a USD 74 billion investment in areas such as aviation, rail, port development, and smart logistics, all set to align with Ethiopia’s broader growth trajectory.

In addition to expanding its footprint in Ethiopia, Boeing has also committed to advancing the country’s capabilities in aircraft manufacturing, training, and the development of sustainable aviation fuel. The partnership reflects Boeing’s long-term trust in Ethiopia’s growing aviation and aerospace sectors.

U.S. Ambassador to Ethiopia, Ervin Massinga, and Ethiopian Airlines CEO Mesfin Tassew were also present at the event, reinforcing the significance of this partnership between Ethiopia and Boeing in shaping the future of aviation in Africa.

Ethiopian Airlines anticipates achieving one trillion ETB ($8 billion) in annual revenue by June 2025, marking a significant milestone in its growth. Group CEO Mesfin Tasew shared this ambitious projection during an interview with BBC News. The airline planned a revenue of $10 billion in 2025, when it crafted its strategic 15-year plan. However, the outbreak of COVID affected the airlines’ revenue as global restrictions on travel affected airlines tremendously.

As part of its expansion, Ethiopian Airlines is making significant strides in the global aviation industry with its plans for a new mega airport in Bishouftu, 43km southeast of Addis Ababa. This airport, to be developed in two phases, will have a transformative impact. Phase One, with a capacity to handle 60 million passengers per year, is set to commence in November this year and be completed by 2029. The second phase, adding another 50 million passenger capacity, will follow shortly thereafter. The new airport, built on 3,500 hectares of land, will make the biggest airport in Afric, symbolising Ethiopia’s leading position in aviation. To ensure the well-being of those affected by the relocation, the airline is constructing residential homes, agro-processing hubs, and trade facilities, ready for the families by November 2025. This new facility will address the growing demand, as Addis Ababa Bole International Airport, despite continuous expansions, has reached its limit of 25 million passengers per year.

This massive infrastructure project directly responds to the increasing number of passengers Ethiopian Airlines serves, both within Africa and globally. In 2024, a report by the African Airlines Association ranked Addis Ababa Bole Airport as the third-busiest airport in Africa, trailing only Cairo and Johannesburg.

Boeing Opens Africa Office in Addis Ababa

Ethiopian Airlines Eyes Over Trillion ETB in Revenue by June 2025