Ethiopian Leases Two Boeing 777F Aircraft - 30 May, 2001

Ethiopian airlines has signed a ten year dry lease agreement for two brand new B777F aircrafts powered by GE90 engines on May 26,2011. The aircrafts were leased from GE Capital Aviation Services (GECAS), a U.S and Irish commercial aircraft financing and leasing business of GE based in Ireland. The agreement was signed by Ethiopian CEO Tewolde Gebremariam and Rayan Barrett of GECAS.

The leased B777Fs are long range modern freighter aircraft models and the first in Africa, with capacity to transport hundred plus tons of cargo at a time.

The leased aircraft will arrive from Boeing Manufacturing in Seattle USA, at Addis Ababa Bole International Airport in September and October 2012.

GECAS has a fleet of over 1,800 owned and managed aircraft with approximately 245 airlines in over 75 countries, with offices in 25 cities around the world.

Ethiopian being the first carrier in Africa to operate the B777F is committed to provide seamless scheduled and charter cargo services in line with its vision 2025.

About Ethiopian

Ethiopian Airlines, one of the largest and fastest growing 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 62 international destinations spanning four continents.

Recently, Ethiopian won the 2011 "AFRICAN CARGO AIRLINE OF THE YEAR" Award for its excellence in air cargo. Ethiopian won the NEPAD Transport Infrastructure Excellence Awards 2009 and the 2009 "Airline of the Year" award from the African Airlines Association (AFRAA). In August, 2008, Ethiopian won "the 2008 Corporate Achievement Award" of Aviation & Allied Business for setting the pace towards the development and growth of the African aviation industry. 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.