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Ethiopia: Boeing establishes headquarters in Addis Ababa

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by: Enrico Casale | 30 May 2024

Kenya, South Africa and Ethiopia competed for Boeing’s headquarters in Africa, however the American aerospace large selected Ethiopia, arguing that Addis Ababa is among the many finest hubs on the continent. This was reported by the web site kenyans.co.ke. Henok Shawl will lead the Africa division. Shawl, who beforehand served at Ethiopian Airlines, was chosen resulting from his intensive expertise within the aviation and telecommunications industries.

Last 12 months, Boeing delivered 528 industrial airplanes and acquired 1,576 web orders. The firm is estimated to have a market capitalization of $107 billion. Boeing predicts that African carriers will want 1,030 new planes over the following 20 years to satisfy worldwide requirements. In this context Ethiopia performs an vital function. In March, Ethiopian Airlines made historical past as the primary African buyer of the Boeing 777X and final 12 months, the airline introduced orders for eleven Boeing 787 Dreamliners and twenty Boeing 737 Max plane.

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