Ethiopian wins the 2008 Corporate Achievement Award - 29 August, 2008

Ethiopian Airlines has been awarded Corporate Achievement Award for its excellence in the airline industry by Aviation & Allied Business Publication. This prestigious award is given to Ethiopian Airlines in recognition of its outstanding contributions to the development of the airline industry in Africa. Through its commitment for excellent services, Ethiopian Airlines has been recognized for its continued contribution in setting the pace in the airline industry in Africa thereby contributing significantly to socio-economic integration and development.

"The Award is a testimony of Ethiopian Airlines' commendable and profitable operations over the years despite serious challenges that have adversely affected many large and small airlines globally.” said Mr. Busera Awel, Vice President Commercial of Ethiopian Airlines.

The Corporate Achievement Award recognizes Ethiopian Airlines' initiatives and commitment to air transport infrastructure development in Africa. Ethiopian Airlines leads in fleet modernization with the remarkable order of 10 Boeing 787 Dreamliners. In a related development, the airline recently commissioned a B737NG Simulator to boost employee capacity building in the aviation industry in Africa at a critical period when shortages of core aviation personnel on new-generation aircraft is creating apprehension in the airline industry. Its maintenance facility has also provided leverage for airlines in Africa in the face of high operating costs.

The award plaque was handed over to Mr. Busera Awel by Mr. Jeff Radebe, Member of Parliament, Honourable Minister of Transport Republic of South Africa at the end of the 14th Aviation & Allied Business Leadership Conference in Johannesburg, South Africa on August 26, 2008.

The Leadership Conference, organized by the Aviation & Allied Business, has been held annually since 1995 as a private sector-led initiative aimed at creating multinational exchange of ideas and information between the private and public sectors of the air transport industry in Africa.

VP Commercial of Ethiopian, Ato Busera Awel receiving the award plaque from Mr. Jeff Radebe Member of Parliament, Honourable Minister of Transport Republic of South Africa

Since its inception on December 5, 1945, Ethiopian has steadily grown to become a reputable African airline with an unparalleled coverage of Africa, the Middle East, Asia, Europe and America. Right from the beginning Ethiopian Airlines has been pursuing its goal of Bringing Africa Together and Closer to the World. Today it is operating the largest network in the African continent with extended services both in passengers and cargo. Ethiopian Airlines continuously strives to live up to its motto of being THE NEW SPIRIT OF AFRICA.

About Ethiopian

Ethiopian Airlines, www.ethiopianairlines.com, one of the largest and fastest growing airlines in Africa made its maiden flight to Cairo in 1946. The airline currently serves 30 destinations in Africa. The addition of service to Kuwait effective July 02, 2008 has brought the total number of Ethiopian’s international destinations to 50.

In 2006 and 2007 Ethiopian was the proud recipient of awards for the African Airline of the Year 2006, Africa Business of the Year 2007 and Ghana Business and Financial Award 2007 from the African Aviation Journal, the African Times/USA and the Government of Ghana respectively for its outstanding performance in the commercial air transport industry.

Ethiopian will be the first carrier to operate the 787 Dreamliner in Africa, the Middle East and Europe