Ethiopian Airlines Eyes Fleet Expansion with Regional Jet Acquisition
Ethiopian Airlines is evaluating the procurement of 20 to 30 regional or small narrowbody jets to enhance its domestic operations and replace ageing aircraft, according to Chief Executive Officer Mesfin Tasew Bekele. The airline is considering three aircraft models: Embraer's E-2 series, Airbus's A220, and Boeing's 737 MAX 7.
The final number of aircraft to be ordered will depend on the selected model. The 737 MAX 7, which offers a larger seating capacity, is still awaiting certification, posing a potential challenge to its selection. The A220 and E-2 series are already in service with other carriers, providing a more immediate deployment option.
Ethiopian Airlines, Africa's largest carrier, is experiencing robust travel demand. However, it faces challenges due to delayed aircraft deliveries and engine shortages. The airline has three Boeing 787s grounded because of a lack of Rolls-Royce engines and five turboprop aircraft grounded due to a shortage of Pratt & Whitney engines. Maintenance delays have extended engine turnaround times from the typical three months to six months or more.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
5 hours ago
- Zawya
AD Ports to jointly explore e-methanol bunkering, export facility in UAE
AD Ports Group has signed a collaboration agreement to undertake a feasibility study for the development of an e-methanol bunkering and export facility at Khalifa Port and Khalifa Economic Zones Abu Dhabi (KEZAD Group). The agreement was signed with the UAE's Masdar, the Netherlands' Advario and France's CMA CGM Group. The project will provide critical infrastructure to complete the supply value chain and bridge commercial e-methanol production with key off-takers, such as CMA CGM, the Abu Dhabi-listed AD Ports said in a statement. Saif Al Mazrouei, Chief Executive Officer- Ports Cluster, AD Ports Group, said the development of an e-methanol bunkering and export facility in Khalifa Port will support the growth of the shipping industry and contribute to the reduction of carbon emissions by promoting clean energy sources. Green hydrogen and its derivatives, such as e-methanol, are pivotal in decarbonising hard-to-abate sectors like shipping, said Dr Faye Al Hersh, Head of Green Hydrogen Business Development (UAE), Masdar. 'With over 80 percent of global trade transported by sea, fostering strategic partnerships is essential to establishing robust green hydrogen value chains and ensuring a more sustainable maritime industry,' Al Hersh said. Christine Cabau Woehrel, Executive Vice President for Assets and Operations, CMA CGM Group, said the company is accelerating the decarbonation of shipping by investing in low-carbon solutions, with a fleet of more than 153 vessels capable of using low-carbon energies and synthetic fuels such as e-methanol operational by 2029. The collaboration agreement follows a memorandum of understanding signed in 2023 between AD Ports Group and Masdar to explore the development of a green hydrogen hub within KEZAD. The new agreement aligns with the Abu Dhabi Low Carbon Hydrogen Policy and the UAE's National Hydrogen Strategy, which targets the scaling up of local hydrogen production to 1.4 million tonnes per annum by 2031 and 15 million tons per annum by 2050. (Writing by P Deol; Editing by Anoop Menon)
Gulf Today
6 hours ago
- Gulf Today
Sharjah Airport welcomes first Ethiopian Airlines flight
As part of a significant expansion of its route network into Africa, Sharjah Airport has officially welcomed the first direct flight operated by Ethiopian Airlines on 2nd June 2025, marking a new chapter in the airport's growing global connectivity. This step reflects Sharjah's rising status on the regional and international aviation map, as more global airlines choose the airport as a strategic operational hub linking the Middle East with the African continent. The inaugural flight was welcomed in a reception attended by senior officials and representatives from both sides. Ethiopian Airlines now operates four weekly flights between Addis Ababa Bole International Airport and Sharjah Airport on Tuesdays, Wednesdays, Fridays, and Sundays, with return flights departing Sharjah on Mondays, Wednesdays, Thursdays, and Saturdays, bound for Addis Ababa. A Strategic Route Strengthening Trade and Investment Connectivity with Africa Ali Salim Al Midfa, Chairman of Sharjah Airport Authority (SAA), emphasised that this strategic partnership with the national carrier of Ethiopia falls in line with the airport's ongoing efforts to expand its destination network and connect Sharjah with key emerging markets. He noted that this aligns with the growing demand for regional and international travel, fueled by the airport's ambitious expansion strategy and development projects aimed at increasing total passenger capacity to 25 million annually by the end of 2027. He added, 'This new route with Ethiopian Airlines represents a qualitative step in reinforcing the airport's role as a vital air bridge that supports trade and investment flows between the UAE and African nations. We remain committed to delivering the highest standards of quality, efficiency, and service diversity, through the adoption of smart technologies and advanced digital systems. This enhances operational performance and sustainability, while ensuring a seamless, safe, and integrated travel experience—further strengthening Sharjah Airport's position as a distinguished regional hub.' Mesfin Tasew, Group CEO of Ethiopian Airlines, stated, 'We are truly delighted to connect our passengers to an additional getaway in the UAE with our new flights to Sharjah. We have been connecting the UAE and Africa for nearly five decades now and the new service will help boost the investment, tourism, diplomatic and socioeconomic bonds between the two regions.' Sharjah Airport Authority continues to enhance its offering to attract global airlines by providing a comprehensive service ecosystem tailored to meet the evolving needs and goals of aviation partners. These services align with best global practices in the aviation industry and reflect the latest airport technologies and systems. Ethiopian Airlines—recognised as one of the leading carriers in Africa—operates flights to 142 international destinations for both passengers and cargo, and is known for its high operational efficiency and compliance with the highest global safety and quality standards. WAM
Arabian Post
7 hours ago
- Arabian Post
Global Investors Eye Bangkok's Rarest Luxury Wellness Penthouses at Award-Winning ROMM Convent
Multi-Award Winning Development Captures International Attention with 2-Star Fitwel Certification, Asia Pacific Property Awards, and PropertyGuru Excellence Recognition BANGKOK, THAILAND – Media OutReach Newswire – 4 June 2025 – Proud Real Estate has unveiled an extraordinary investment opportunity at ROMM Convent—Bangkok's premier wellness-integrated residence in the prestigious Sathorn-Silom CBD. The only two duplex sky penthouses available, representing the pinnacle of luxury wellness living in Southeast Asia, are now available to discerning global investors. ROMM CONVENT – Duplex Sky Penthouse These architectural masterpieces have captured international attention, with ROMM Convent receiving multiple prestigious accolades including Best Condo Development and Best Architectural Design at the Asia Pacific Property Awards, Best Wellness Residences Development from PropertyGuru, and a coveted 2-Star Fitwel Built Certification—a global standard in wellness design excellence. ADVERTISEMENT Investors are drawn by proven returns, with rental yields of 4–5.8% per annum and capital gains averaging 3–5.4% annually. Amid a climate of accelerating international demand, ROMM Convent stands out as both a secure asset and an aspirational lifestyle investment—offering exceptional value in one of Southeast Asia's fastest-growing real estate markets. Bangkok's Luxury Market: A Magnet for Global Capital Bangkok continues to command the interest of investors worldwide, with the luxury condominium segment outpacing regional peers and anticipated to achieve sustained annual growth of 3–5% through 2027. In 2024 alone, international buyers accounted for 39% of total sales value, with large-format residences over 150 sq.m. in prime central locations witnessing robust absorption. The Silom–Sathorn district is in the midst of a transformation, with over THB 600 billion in public and private investment projected through 2035. This surge of mega-projects is redefining the urban landscape, creating new opportunities for capital appreciation and rental demand—particularly as Bangkok's tourism sector continues its strong recovery. ROMM Convent: A Sanctuary for Global Citizens ADVERTISEMENT Strategically positioned for expatriates, professionals, digital nomads, and retirees, ROMM Convent offers unrivaled access to both tradition and modernity. Residents enjoy proximity to Bangkok's leading international schools—including St. Andrews Sathorn, Shrewsbury International, and King's College—as well as world-class medical centers such as BNH Hospital, MedPark, and King Chulalongkorn Memorial Hospital. With average rental rates of THB 800–1,200 per sq.m. per month, the area delivers healthy yields of 4–5.8% per year and robust capital gains of approximately 3–5.4% annually, underpinned by consistently high tenant demand. The Pinnacle of Wellness-Integrated Living The Duplex Sky Penthouses at ROMM Convent are a masterclass in architectural innovation and holistic well-being. Each residence spans 418.61–467.86 sq.m., offering house-like layouts with soaring 6.45-meter ceilings and panoramic skyline views, including Bangkok's most iconic landmarks. Private rooftop gardens create a tranquil green haven, seamlessly visible from both living and bedroom spaces. Exceptional Features Include: • Ultra-Exclusive Ownership: Only two duplex penthouses available. • House-Like Living: Two-story layout located in the heart of Bangkok's CBD • Skyline Views: Panoramic vistas in three directions, including iconic landmarks like MahaNakhon and One Bangkok • Private Rooftop Garden: A serene green escape visible from the main living and bedrooms • Signature Design Elements: Full-height glass, custom wellness detailing, and a serene rooftop retreat. • Gourmet Entertaining: Ice Jade kitchen island, Gorenje ORA ITO appliances, and a 46-bottle wine cellar. • Sophisticated Finishes: Engineered walnut floors, stone-clad kitchens, premium fixtures, and bespoke cabinetry. • Grand Proportions: Four bedrooms, five bathrooms, powder room, and a flexible multi-purpose space. Wellness Technology & Privileged Services: • 2-Star Fitwel Certified Wellness: Recognized global standards in health-optimized living. • 24/7 Health Butler Concierge: Personalized healthcare coordination and support. • Six Levels of Wellness Amenities: Thoughtfully curated for holistic mind-body well-being. • Smart Home Ecosystem: Advanced technology for air quality, energy efficiency, and comfort. • Exclusive Healthcare Partnerships: VVIP privileges with BNH Hospital and BeDee by BDMS. Unmatched Value in Bangkok's Central Business District Starting at just THB 290,000 per sq.m., ROMM Convent's Duplex Sky Penthouses represent one of the most compelling luxury investments in the Sathorn district—delivering exceptional value compared to global property capitals. Ownership is further enhanced by immediate access to VVIP medical privileges at BNH Hospital including special discounts and personalized care from Thailand's top-tier medical professionals—, ensuring both peace of mind and premier healthcare for residents and their families. See also BNM's Policy Rate Call Looms: Octa Broker Highlights Inflation, Exchange Rate and Trade Challenges Limited International Allocation: Secure Your Early Investor Advantage As foreign ownership quotas rapidly reach capacity, Proud Real Estate is pleased to offer the exclusive Early Investor Package (available until June 30, 2025). This limited-time opportunity includes bespoke layout customization and privileged access to tailored services—making now the optimal moment for international investors to secure their stake in one of Bangkok's most rarefied addresses. Invest in an Iconic Lifestyle at ROMM Convent – Where Wellness Meets Luxury Seize the opportunity to own one of the last two Duplex Sky Penthouses at ROMM Convent, where visionary design, holistic wellness, and world-class investment potential converge. Availability is strictly limited—act now to elevate your lifestyle and portfolio with Bangkok's most coveted luxury residence. For more information and personalized assistance, please visit Proud Real Estate or call +662-026-8999. Note: This press release contains forward-looking statements about market performance and investment returns. Actual results may vary. Investors should conduct their own due diligence before making investment decisions. Hashtag: #ProudRealestate #AllisWell #RommConvent #LuxuryWellnessResidences #CondoSathorn #CondoHighRise #Condo #Bangkok #CBD The issuer is solely responsible for the content of this announcement. PROUD REAL ESTATE PUBLIC COMPANY LIMITED Proud Real Estate is Thailand's leading luxury wellness-focused property developer, renowned for creating holistic living environments that seamlessly integrate health optimization, sustainability, and timeless design. With a portfolio of internationally awarded projects, Proud Real Estate consistently delivers above-market investment returns while setting new benchmarks in luxury and resident well-being. The company gained global recognition for the development of InterContinental Residences Hua Hin, one of only eight world-class branded residences under the InterContinental name—further solidifying Proud's reputation for excellence in luxury real estate.
