Ethiopian Airlines Named "Africa’s Most Profitable Airlines" for the Third Time in a Row - 21 July, 2011

The US-based international aviation magazine, Air Transport World (ATW), named Ethiopian Airlines as Africa’s most profitable airline for 2010. The report published by ATW in July 2011 honoured Ethiopian for the net profit of 121.4 million dollars made in the fiscal year 2010 ended June 30, 2010.

"It is a special honor for the 6000 brave men and women of the Ethiopian winning team who are working hard 24/7 across the globe to take the truly African airline to new heights. We thank Air Transport World for recognizing our effort and results which will encourage us to do more for the continent and our global customers.", said the CEO Mr. Tewolde Gebremariam.

Ethiopian, the indigenous and truly African carrier, has become the continent’s leading carrier, unrivalled for efficiency and operational success, turning profits for almost all the years of its existence.

Currently, Ethiopian has a fleet of 46 aircraft including the brand new five 777-200LRs which demonstrates the airline operates with young and state-of-the- art aircrafts. Through its hub at the Addis Ababa international Airport, Ethiopian has made traveling from Africa to the rest of the globe faster, easier and more convenient for travelers around the world.

About Ethiopian

Ethiopian Airlines, one of the most successful and leading airlines in Africa, made its maiden flight to Cairo in 1946. With the addition of new flight services to Milan, Ethiopian will provide dependable services to 63 international destinations spanning four continents.

Recently, Ethiopian received the 2011 “Airline Reliability Performace Award" from Bombardier aircraft manufacturer based in Canada. Besides, Ethiopian won the 2010 “Silver Boeing Performance Excellence Award” for its outstanding performance at the Wire Kit Harness Manufacturing Plant. In 2009, Ethiopian scooped the “NEPAD Transport Infrastructure Excellence Award” and “Airline of the Year" award from the African Airlines Association (AFRAA). Ethiopian is also the first African carrier to win the 2008 Brussels Airport Company Award in recognition of its distinguished long haul operations witnessed through the introduction of new routes, new products, and close cooperation with Brussels Airport in marketing activities.