Ethiopian Airlines To Produce Aircraft Parts In Association With Boeing: Report
Portfolio Pulse from Shivani Kumaresan
Ethiopian Airlines is planning to manufacture aircraft parts in a venture with The Boeing Company (NYSE:BA), involving a $15 million initial cost. The venture is expected to create job opportunities for about 300 Ethiopians. The investment is part of Ethiopian Airlines’ manufacturing plan that was chalked out in 2009.
August 18, 2023 | 2:56 pm
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Boeing partners with Ethiopian Airlines in a $15 million venture to manufacture aircraft parts. This could potentially increase Boeing's supply chain efficiency and reduce costs.
The partnership with Ethiopian Airlines allows Boeing to expand its manufacturing capabilities and potentially reduce costs by producing parts in Ethiopia. This could have a positive impact on Boeing's profitability and therefore its stock price.
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