Boeing's stock stays hot on fresh order for up to 67 jets from Ethiopian Airlines
Boeing (BA) and Ethiopian Airlines said the carrier made an initial order of 31 jets, including 11 of Boeing's 787 Dreamliners and 20 of its 737 Max airplanes. The deal allows for a maximum order of 26 of the 787s and 41 of the 737 Max jets. Boeing's stock rose 1.1% on Tuesday, as it extended gains from the previous session on tame Consumer Price Index data. Ethiopian Airlines Chief Executive Mesfin Tasew said the order "will enable us to modernize and increase our fleet" as part of the company's growth plan. (END) Dow Jones Newswires11-14-23 1013ETCopyright (c) 2023 Dow Jones & Company, Inc.
Source:Ethiopian News
November 14, 2023 15:21 UTC
Column: Is the Specialty Coffee Sector Falling Behind on the Environment?
I have worked in the specialty coffee trade for over a decade and, like many people in the industry, I believed for much of that time that specialty coffee was sustainable. With almost all companies in the specialty coffee industry claiming to pay better prices to producers, then the environment must naturally be taken care of, right? Another surprise came when we started to market our solution to brands and traders associated with the specialty coffee sector. It makes me wonder: Is the specialty coffee industry falling behind? In my opinion, what really needs to change in the specialty coffee industry is the narrative.
Source:Ethiopian News
November 14, 2023 15:15 UTC
Boeing Outflanks Airbus At Dubai Airshow With Big Ethiopian Airlines Order
Boeing stock appeared set to continue its rally Tuesday as the Dow Jones jet manufacturing giant landed another major order at the Dubai Airshow. The airline has more than 80 Boeing jets in its fleet and touts the largest fleet of Dreamliners in Africa. The new 737 order is a major show of support from Ethiopian Airlines. Dubai Order FrenzyAt the start of the Dubai show, Emirates Airline announced a $52 billion order Monday for 95 of Boeing's widebody jets. However, Emirates Airline on Tuesday signaled it will hold off on any new Airbus A350 orders, the AP reported.
Source:Ethiopian News
November 14, 2023 14:14 UTC
Day 2 of Airshow leads to more sales of North Charleston Boeings
AerospaceThe second day of the Dubai Airshow brought more work for North Charleston Boeing employees when Ethiopian Airlines agreed to order 11 Dreamliners from the Lowcountry production line. The 787 Dreamliner and 737 MAX demonstrate Ethiopian Airlines' environmentally conscious decisions and its commitment to serve passengers with the latest technologically advanced airplanes." Ethiopian Airlines is working to strengthen and diversify its fleet, which currently includes more than 80 Boeing jets. Boeing and Ethiopian Airlines also agreed to work together to provide cabin modification services for the carrier's existing 787 Dreamliners. Ethiopian Airlines has been in business for 77 years and is the fastest-growing airline in the world, according to the carrier’s website.
Source:Ethiopian News
November 14, 2023 14:07 UTC
News: Ethiopia’s quest for sea outlet, own port neither new nor a threat to neighboring countries: PM Abiy
After 30 years, Ethiopia’s status was reduced from ownership of two ports to using two ports, Djibouti and Assab, through trade rules and agreements with the respective countries. That was further reduced to the use of the port of Djibouti after disagreements and conflict with Eritrea. He mentioned recent news of missile attacks coming from Yemen, which is only about 28, 29 km sea width from Djibouti. If the big powers there start shooting at camps on other side, it leaves Ethiopia, a country with a population of 120 million, without options. He questioned how saying ‘let’s share the Airline’ be taken as equivalent to war.
Source:Ethiopian News
November 14, 2023 14:03 UTC
Dubai Airshow Day 2: Emirates, Etihad focus on growth plans
Dubai carriers challenged regional rivals with more than $60 billion of Boeing jet orders on Monday, day one of the Dubai Airshow. Day 2 will kickstart with a customer announcement from French OEM Airbus, possibly a mega order deal from Turkish Airlines. 03:54PMFirst class to stay crucial for Emirates: Sheikh AhmedFirst class will remain very important for Emirates for the future, said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, during a media briefing on Tuesday. "This order is in line with the Ethiopian Airlines' growth strategy. The services agreement will cover 222 LEAP-1B engines for the airline’s fleet of Boeing 737-8/-9 (in-service and on order).
Source:Ethiopian News
November 14, 2023 13:55 UTC
Abiy Ahmed’s imperial ambitions are bad news for Africa, and the world
Since then, Ethiopia has been fully dependent on its neighbours – especially Djibouti – for access to ports and international shipping routes. Yet Abiy is clear that his country will gain favourable access to the sea and key international trading routes – one way or the other. Abiy is increasingly sounding and acting like another world leader whose imperial ambitions and aggression have already caused immense pain and suffering: Russia’s President Vladimir Putin. Abiy’s Ethiopia clearly has ambitions to not only gain access to the sea but become a great power in the world. African nations should put an end to Abiy’s imperial ambitions for good, before it is too late.
Source:Ethiopian News
November 14, 2023 13:40 UTC
Ethiopian Airlines Orders Up To 67 Boeing Jets
Ethiopian Airlines has announced an agreement to order 11 787s and 20 737 MAX aircraft with options for 15 and 21 additional jets, respectively. “We are pleased to announce that Ethiopian Airlines has reached a deal with Boeing to place a firm order for 31 ultra-modern airplanes, with the opportunity for 36 additional jets,” said Ethiopian Airlines Group CEO Mr Mesfin Tasew. “This order will enable us to modernize and increase our fleet in support of Ethiopian Airlines’ growth plan and our Vision 2035 Strategy. Through this deal, we have solidified our decades-old exemplary business partnership with Boeing.”Boeing and Ethiopian Airlines also agreed to work together to provide cabin modification services for the carrier’s existing 787 Dreamliners. “Ethiopian Airlines continues its leadership as one of Africa’s preeminent airlines with this landmark commitment to expand their 787 and 737 MAX fleets,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing.
Source:Ethiopian News
November 14, 2023 13:39 UTC
Ethiopian Airlines places follow-on order for Boeing Dreamliners and Max jets
Ethiopian Airlines has placed firm follow-up orders for 11 Boeing 787-9s and 20 737 Max 8s, the latter marking its first commitment for Max jets since the fatal accident in 2019 which prompted the global grounding of the type. The African carrier has also taken options on 21 more Max jets and 15 additional Dreamliners as part of today’s order. “This order is in line with Ethiopian Airlines’ growth strategy,” said Ethiopian Airlines chief executive Mesfin Tasew, announcing the fresh orders at the Dubai air show today. “This is just the first phase, we expect to do another round of fleet [orders] in the coming years.”Notably the deal marks its first follow-up order for the Max jets. “Today we have 25 airplanes on order – 21 from Boeing and four from Airbus – to be delivered in the coming two years.
Source:Ethiopian News
November 14, 2023 13:32 UTC
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Dubai Airshow: Ethiopian Airlines places order for up to 67 Boeing jets
Ethiopian Airlines has placed an order for up to 67 Boeing aircraft as it aims to become one of the top 20 leading carriers globally by 2035. The orders are part of the Addis Ababa-based carrier's 2035 strategic road map, which include plans to double its fleet to 270 aircraft, Mesfin Tasew, group chief executive of Ethiopian Airlines Group, said. Ethiopian Airlines will lease Boeing 787 and Max planes while waiting for the new aircraft, after plane manufacturers' fully-booked schedules meant it could not secure earlier deliveries. Of these, more than 70 per cent of commercial deliveries are expected to be single-aisle jets, it said. Ethiopian Airlines, the launch customer for the Dreamliner in Africa, has been a Boeing customer for nearly 75 years, and the new agreement is expected to boost the efficiency of its fleet.
Source:Ethiopian News
November 14, 2023 13:31 UTC
Ethiopian Airlines signs deal for up to 67 Boeing jets
Boeing and Ethiopian Airlines announced the carrier has agreed to order 11 787 Dreamliner and 20 737 MAX airplanes with an opportunity for 15 and 21 additional jets, respectively. The agreement, signed by Ethiopia’s national carrier at the Dubai Airshow, represents the largest-ever purchase of Boeing airplanes in African history. “We are pleased to announce that Ethiopian Airlines has reached a deal with Boeing to place a firm order for 31 ultra-modern airplanes, with opportunity for 36 additional jets,” said Ethiopian Airlines Group CEO Mr. Mesfin Tasew. The new commitment positions Ethiopian Airlines to further strengthen and diversify its fleet, which currently includes more than 80 Boeing jets. Boeing and Ethiopian Airlines also agreed to work together to provide cabin modification services for the carrier’s existing 787 Dreamliners.
Source:Ethiopian News
November 14, 2023 13:21 UTC
‘What is happening in Saudi Arabia is extraordinary, and we want to be a part of it’: Stella Amae architectural firm
RIYADH: Through a longstanding relationship with Asia, Stella Amae blends architecture and art, spanning from Europe to Asia, through the Middle East. Stella told Arab News: “Stella Amae is composed of two distant poles drawn together by a unique vision. Stella Amae was founded in 2020 by Alexandre Stella, left, and Ryuta Amae. Stella Amae has also worked on urban sculptures such as the gates of Riyadh. Stella Amae presents innovative architectural solutions, supported by experience in managing global projects.
Source:Ethiopian News
November 14, 2023 11:51 UTC
Ethiopian Airlines Agrees to Landmark Order for Up to 67 Boeing Jets
The agreement, signed by Ethiopia's national carrier at the Dubai Airshow, represents the largest-ever purchase of Boeing airplanes in African history. (Image: Boeing) Boeing and Ethiopian Airlines today announced the carrier has agreed to order 11 787 Dreamliner and 20 737 MAX airplanes with an opportunity for 15 and 21 additional jets, respectively. (Image: Boeing)"We are pleased to announce that Ethiopian Airlines has reached a deal with Boeing to place a firm order for 31 ultra-modern airplanes, with opportunity for 36 additional jets," said Ethiopian Airlines Group CEO Mr. Mesfin Tasew. The new commitment positions Ethiopian Airlines to further strengthen and diversify its fleet, which currently includes more than 80 Boeing jets. Boeing and Ethiopian Airlines also agreed to work together to provide cabin modification services for the carrier's existing 787 Dreamliners.
Source:Ethiopian News
November 14, 2023 11:36 UTC