Ethiopian rolls out rescue plan to stay afloat
The management of Ethiopian Airlines has rolled out a new business strategy that helps it to withstand the adverse impacts of the COVID-19 which costs the airline USD 550 million in lost revenue.
COVID-19 projected to slash Ethiopia’s GDP by USD 1.2 bln
The economic impacts of the COVID-19 pandemic in Ethiopia – in regards to the airline industry and allied businesses – could cost the country some USD 1.2 billion in GDP and affect more than 323,000 jobs, a global airline body disclosed.
Ethiopian suspends services at local ticket offices
As part of COVID-19 containment strategy, Ethiopian will temporarily close all its ticket offices in Ethiopia effective 30, March 2020.
Gomeju Oil to build aviation depot
One of the thriving indigenous oil distribution companies, Gomeju Oil Ethiopia, is to join the aviation fuel market by building a jet fuel depot at the Addis Ababa Bole International Airport at a cost of 200 million birr.
COVID-19 costs Ethiopian USD 190 mln
Africa’s largest carrier, Ethiopian Airlines, has lost USD 190 million revenue in just two months’ time due to the flight disruptions in connection with the COVID-19 outbreak throughout the world.
Can further devaluation clear market distortion?
Last week, prior to traveling to the United States...
War causes total destruction of Sheba leathers
A 2.9 billion birr property was reduced to ashes The...
“Massive” cyber attack crashes African Union’s system
Cyber attackers prey on the African Union, resulting in...
Commission proposes AU-led justice mechanism for war atrocities in northern Ethiopia
Considers using satellites, other technologies to gather evidence The International...