Latest news with #BoleInternationalAirport
The Star
05-08-2025
- Business
- The Star
Ethiopian Airlines earns 7.6 bln USD in annual revenue
ADDIS ABABA, Aug. 5 (Xinhua) -- Ethiopian Airlines, Africa's leading carrier, announced on Tuesday that it has earned 7.6 billion U.S. dollars in revenue during the 2024/2025 Ethiopian fiscal year, ending on July 7. During a briefing in Addis Ababa, the capital of Ethiopia, Mesfin Tasew, group chief executive officer (CEO) of Ethiopian Airlines, said the revenue saw an 8 percent growth compared to the previous fiscal year. "The airline performed well during the year amid regional conflicts in the Middle East, Ukraine, Sudan, and the Democratic Republic of the Congo, the slowing down of the world economy, and the introduction of new laws and regulations by the United States," said Tasew. According to the CEO, the revenue was generated by transporting 19.1 million passengers, comprising 15.2 million international travelers and 3.9 million domestic passengers, as well as carrying approximately 785,000 tonnes of cargo. Recalling that the airline launched six international passenger services during the year, the CEO said the airline's network has expanded to 145 international destinations. Besides, 13 new passenger aircraft were put into operation to step up its growth and profitability. The CEO disclosed that the Ethiopian national carrier is set to add 20 aircraft in 2026 to accommodate the growing number of passengers. Highlighting that Addis Ababa Bole International Airport, currently the main hub for Ethiopian Airlines, will soon reach its capacity of serving 25 million passengers per year, Tasew said the airline is undertaking the construction of a mega airport project about 45 km southeast of Addis Ababa to handle the ever-growing passengers.
Yahoo
07-04-2025
- Business
- Yahoo
Boeing settles 2 lawsuits in deadly Ethiopian Airlines crash ahead of jury selection
Boeing settled two lawsuits regarding the deadly Ethiopian Airlines crash from 2019 on the eve of a scheduled civil trial. The settlement was made just hours before jury selection was set to be underway. On March 10, 2019, a Boeing 737 MAX jet departed from Bole International Airport in Ethiopia, headed to Kenya. The flight crashed six minutes after takeoff, killing all 157 people on board. This crash, and the Air Lion Flight 610 deadly crash that killed 189 people just months before, prompted Boeing to ground all of its 737 MAX Jets. Issues with the new Maneuvering Characteristics Augmentation System (MCAS) were cited in both crashes. Tacoma-based aviation attorney Mark Lindquist has represented several victims' families in both crashes, and has represented families in other Boeing incidents as well. Civil suits on behalf of two men who were on board the Ethiopian flight were scheduled to start on Monday before the settlement was reached. The details of the settlement will remain confidential. 'I'm happy for our client,' Lindquist said. 'She (the wife of victim Belanger) stood her ground. We are satisfied with the resolution, accountability, and closure.' According to Lindquist: Belanger, 46, of Denver, Colorado, was the director of professional development at PCL Construction. He was also a founding member of an environmental non-profit group. At the time of the crash, he was flying to a United Nations Environmental Assembly where he was scheduled to speak. He left behind his wife Amie and his two parents. Lewis, 39, was a U.S. Army Captain from suburban Chicago, Illinois. Cpt. Lewis was on military leave taking a trip to Africa to investigate opportunities to begin a logistics business that would address the systemic supply chain failures in the continent. He was approaching 20 years in the military, at which time he would have been eligible for his full military pension and eyeing a post-military life with his wife, fellow Army soldier, Yalena Lopez Lewis, and their two sons. Lewis is represented by a Chicago-based firm. Of the 157 people who died in the crash, there are still cases pending for 18 people who died. The next trial is set in July of this year. Additionally, in July, Boeing is facing a trial on criminal charges brought by the Department of Justice. KIRO 7 has reached out to Boeing for comment and has yet to hear back.
